On a typical day, a company writes 77 checks worth a total of $10,640 that clear in 3.5 days. The company also collects 90 checks worth a total of $14,710 that clear in 3 days. Is this a collection or disbursement float? What is the float value?

A disbursement float of $4,070

A collection float of $6,890

A disbursement float of $6,890

A collection float of $4,070

A collection float of $7,047