Use the following information to answer the questions below.Number of checks processed per year = 25,000Average face value of checks = $975Collection float = 10 daysOpportunity cost rate = 3 percenta.Calculate and interpret total dollar-days of collection float.b.Calculate and interpret the average dollar-days of collection float.c.Calculate and interpret the opportunity cost of collection float.d.Recalculate the opportunity cost of collection float if a spike in interest rates causes the opportu-nity cost rate to increase to 5 percent.