2. a. Cash float. Maximizing deposit float. Options Corporation has an average daily collection of P20 million. The company is considering to accelerate its collections by 3 days by spending an annual amount of P24,000 in a new system. The effective interest rate of marketable securities is 8%. How much would the company benefit from accelerating the collections? b. Optimizing payment float. Songbird and Chirp Company is considering the option of stretching its payment period to suppliers by issuing checks on every Friday of the month instead of its current practice of issuing checks twice a week. This option would delay payment by 3 days on the average. The company average daily payment is P400,000 and the prevailing benchmark rate of the 90-day T-Bills is 8%. How much is the net benefit the company may generate from the alternative? 2. a. Cash float. Maximizing deposit float. Options Corporation has an average daily collection of P20 million. The company is considering to accelerate its collections by 3 days by spending an annual amount of P24,000 in a new system. The effective interest rate of marketable securities is 8%. How much would the company benefit from accelerating the collections? b. Optimizing payment float. Songbird and Chirp Company is considering the option of stretching its payment period to suppliers by issuing checks on every Friday of the month instead of its current practice of issuing checks twice a week. This option would delay payment by 3 days on the average. The company average daily payment is P400,000 and the prevailing benchmark rate of the 90-day T-Bills is 8%. How much is the net benefit the company may generate from the alternative