A company is considering implementing a lockbox. As First step, they are assessing the current iost of Float For their current collection practices. The compary receives the following check batches, amts a days of collection float.

Butch $1$: $3,000,000$; I day of Float

Batch $2$: $12,000,000$; $4$ days of FlaL

Butch $3=4,000,000$; $2$ days of Float

Batch $4$ : $8,000,000$; $5$ dayn of Floul

Batches were received in a $30-$day month $2$ iurestement rate for the company, is $6\%.$ What is the avg dollar

float for this month.

$3,300,000$

$320,000$

$198,000$

$2,250,000$