Can some one help me work out the daily shipping cost? I just dont understand how to do it.

Your options for shipping $98,060 of machine parts from Baltimore to KualaLumpur, Malaysia, are(1) use a ship that will take 32 days at a cost of $3,400, or(2) truck the parts to Los Angeles and then ship at a total cost of $5,130. The second option will take only 22 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year.

If you have a third option and it costs only $4,450 and also takes 22 days, what is your most economicalplan?

The daily holding cost of Alternative 1 is $80.60

(Enter your response rounded to two decimalplaces.)

The daily cost of faster shipping with Alternative 2 is $

(Enter your response rounded to two decimalplaces.)

The daily cost of faster shipping with Alternative 3 is

(Enter your response rounded to two decimalplaces.)

Which is more economical.