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Float.com has average daily cash receipts of $50,000 and weighted average delay of 2 days between receipt of cash availability of cash in the bank.

Float.com has average daily cash receipts of $50,000 and weighted average delay of 2 days between receipt of cash availability of cash in the bank. What is the maximum amount that Float.com will be willing to pay to reduce the float by one day?

Multiple Choice

$25,000

$150,000

$75,000

$100,000

$50,000

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