Question: Karl Warehouse writes two checks a day for an average amount of $17,750 each. These checks generally clear the bank 2.3 days after they are

Karl Warehouse writes two checks a day for an average amount of $17,750 each. These checks generally clear the bank 2.3 days after they are written. In addition, the firm generally receives and deposits checks amounting to $25,650 each day. All deposits are available the next day. What is the firm's net float?

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