Assume your firm receive four checks every day each one of them worth 10,000 dirham. Normally it takes 5 days to clear the checks and the current interest rate is .013 percent per day.

a. What is the companys float?

b. What is the most Purple Feet should be willing to pay today to eliminate its float entirely?

c. What is the highest daily fee the company should be willing to pay to eliminate its float entirely?