A company makes five remittances in a typical month, as listed below. Suppose the typical month has 30 days. The days of mail float and availability of each shipment are also shown. Processing float is negligible.

Consignment	mail float	Floating availability
$100,000	2	1
5.000	7	2
300.000	1	1
10.000	5	1
150.000	4	2

A. Calculate the total dollar float per day for the month.

B. Calculate the average float of the dollar per day.

C. Calculate the average collection float in days.

D. If the annual opportunity rate is 4 percent, calculate the annual cost of floating.