The Porcelain Company, Inc. makes five remittances to the bank each month. As the companys Chief Financial Officer, you are conducting a review of the current system being utilized. Your accounting department has provided you with the following information: (assume each month has 30 days) Complete parts a. through d. below. Please show ALL calculations.

Remittances per month in dollars	Mail Float	Availability Float	Dollar-Day Float
$200,000	3	1
10,000	6	2
$400,000	2	1
$5,000	4	1
$350,000	3	2
$965,000
A. Calculate the total dollar day float for the month. B. Calculate the average dollar day float. C. Calculate the average collection float in days. D. Calculate the annual cost of float assuming an annual opportunity costs of 6%.