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3. vaIue: 10.00 points Purple Feet Wine. Inc.. receives an average of $18.000 in checks per day. The delay in clearing is typically two days.
3. vaIue: 10.00 points Purple Feet Wine. Inc.. receives an average of $18.000 in checks per day. The delay in clearing is typically two days. The current interest rate is 0.016 percent per day. a. What is the company?s float? Company?s float $ b. What is the most Purple Feet should be willing to pay today to eliminate its float entirely? Maximum payment $ c. What is the highest daily fee the company should be willing to pay to eliminate its float entirely? (Round your answer to 2 decimal places. (e.g., 32.16)) Maximum daily charge $
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