Dylex Corporation writes cheques that average $16,000 daily. These cheques take an average of 5 days to clear. It receives payments that average $23,000 daily. It takes 3 days before these cheques are available to the firm. Calculate payment float, availability float, and net float. Payment float = $ _______ Availability float = $ _______ Net float = $ _______ What would be Dylex Corporation's annual savings if it could reduce availability float to 2 days? The interest rate is 6.70 percent per year. What would be the present value of these savings? Annual savings = $ _______ PV of savings = $ _______