Purple Feet Wine, Inc., receives an average of $15,500 in checks per day. The delay in clearing is typically four days. The current interest rate is 0.018 percent per day.

a.	What is the company's float?

Company's float

$

b.	What is the most Purple Feet should be willing to pay today to eliminate its float entirely?

Maximum payment

$

c.	What is the highest daily fee the company should be willing to pay to eliminate its float entirely?(Round your answer to 2 decimal places. (e.g., 32.16))

Maximum daily charge

$