Float Simon Corporation has daily cash receipts of $75,000. A recent analysis of its collections indicated that customers" payments were in the mail an average of 4.0 days. Once received, the payments are processed in 2.0 days. After payments are deposited, it takes an average of 2.5 days for these receipts to clear the banking system. a. How much collection float (in days) does the firm currently have? b. If the firm's opportunity cost of capital is 11%, would it be economically advisable for the firm to pay an annual fee of $19,000 to reduce collection float by 2 days? Explain why or why not. c. What would the company's opportunity cost have to be to make the $19,000 fee worthwhile? a. The total collection float the firm currently has is days. (Round to one decimal place.) b. If the firm's opportunity cost of capital is 2%, the annual benefit from reducing collection float by 2 days is $ The firm the drop-down menus.) speed up collections because the annual benefit from reducing float is (Round to the nearest dollar.) than the annual cost of $19,000 it needs to pay for reducing the float. (Select from c. In order to make the $19,000 fee worthwhile, the company's annual opportunity cost have to be greater than %. (Round to two decimal places.)