Question: Float.com has average daily cash receipts of $50,000.Weighted average delay of 2 days between receipt of cash availability of cash in the bank. What is

Float.com has average daily cash receipts of $50,000.Weighted average delay of 2 days between receipt of cash availability of cash in the bank. 



What is the maximum amount that Float.com will be willing to pay to reduce the float by one day?

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