Question Help Float Simon Corporation has dalycash receipts of $58,000. Arcent analysis of ts collections indicated that customers' payments were in the mal an average of 2 days. Once received, the payments are processed in 3 days. Ater payments are deposited, it takes an average of 2 days for the receipts to dear the banking system a. How much collection float in days) does the firm currently have? the firm's opportunity cost is 9% would be economically advisable for the firm to pay an annual of $17.800 fora do system to reduce collection fout by 4 days? c. What would the company's opportunity cost have to be to make the $17,800 fee worthwhile