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19. Cash is king. Therefore, receiving cash sooner than later is important. Therefore, assume that on a daily basis, Tesla receives $2,410 in checks from

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19. Cash is king. Therefore, receiving cash sooner than later is important. Therefore, assume that on a daily basis, Tesla receives $2,410 in checks from customers. These checks clear the bank in an average of 2.2 days. The applicable dally Interest rate is 0.01 percent. What is the present value of the float? Assume each month has 30 days $3,505 $5,412 $229 $5.302 $110 DoMeGaw Edit

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