28.10 Each business day, on average, a company writes checks totaling $12,000 to pay its suppliers. The usual clearing time for these checks is five days. Each day, the company receives payments from its customers in the form of checks totaling $15,000. The cash from the payments is available to the firm after three days.

Calculate the company’s disbursement float, collection float, and net float.

How would these values change if the collected funds were available in four days instead of three?