This is a 3-part question. NOTE YOUR ANSWER FROM THIS QUESTION FOR SUBSEQUENT QUESTIONS. A firm estimates the variance of daily net cash flows to be $604,479. S/T investment rates are 2.5%, and transaction costs are $100. The firm prefers a minimum cash position of $50,000. Using the Miller-Orr Model and the formula below, what is Z? (Tip: Convert i to a daily periodic rate) 3F02 Z* = 3 4i $50,000 $58,715 $8,715 $76,145