Katie's Fabrics receives 100 cheques a day averaging $24.50 each. The cheques are from customers located in a two province area. The cheques are deposited in the bank the same day they are received and the funds are available on the following day. Short-term investments are yielding 3.5% annually. The cost of this float is equal to: O O O O O The net savings from installing a zero-balance account to eliminate the float. The opportunity cost of the net float at a 3.5% rate of interest. The opportunity cost of not being able to utilize the collection float. The average daily float multiplied by twice the annual yield on short-term investments. The number of cheques times the average amount per cheque times the annual yield