Purple Feet Wine, Inc., receives an average of $12,500 in checks per day. The delay in clearing is typically four days. The current interest rate is .018 percent per day.

a.	What is the company's float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b.	What is the most the company should be willing to pay today to eliminate its float entirely? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
c.	What is the highest daily fee the company should be willing to pay to eliminate its float entirely? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Your neighbor goes to the post office once a month and picks up two checks, one for $13,400 and one for $4,400. The larger check takes three days to clear after it is deposited; the smaller one takes two days. Assume 30 days in a month.

a.	What is the total float for the month? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b.	What is the average daily float? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c-1.	What are the average daily receipts? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c-2.	What is the weighted average delay? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)