MB Corporation projects that total cash outlays of $3,400,00…

MB Cоrpоrаtiоn projects thаt totаl cash outlays of $3,400,000 will occur uniformly throughout the coming year.  MB plans to meet its cash requirements by periodically borrowing from the bank at an interest rate of 7.89%.  The bank charges $29.00 to process each loan.  Use the BAT model to estimate the average cash balance for MB.