The annual disbursements in a company amounts to Rs 30,00,000. The conversion charge for converting surplus cash into marketable securities is Rs 30 per conversion. The risk-free interest is 10%. Find...

The annual disbursements in a company amounts to Rs 30,00,000. The conversion charge for converting surplus cash into marketable securities is Rs 30 per conversion. The risk-free interest is 10%. Find the optimal cash balance as per Baumol's model.