value: 25.00 points Problem 27-6 Using Weighted Average Delay A mail-order firm processes 5,400 checks per month. Of these, 70 percent are for $44 and 30 percent are for $76. The $44 checks are delayed three days on average. the $76 checks are delayed four days on average. Assume 30 days per month a-1. What is the average daily collection float? (Do not round intermediate calculations.) Average daily collection float a-2.How do you interpret your answer? On average there is sthat is Ciek to selec and Cick to select) to the 6im that is, (Click to select) | and | (Click to select)to the firm b-1.What is the weighted average delay? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Weighted average delay days b-2.Calculate the average daily float. (Do not round intermediate calculations.) Average daily float c. How much should the firm be willing to pay to eliminate the float? Maximum payment d. If the interest rate is 6 percent per year. calculate the daily cost of the float (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g.. 32.16)) Daily cost of the float e. How much should the firm be willing to pay to reduce the weighted average float by 2 0 days? (Do not round intermediate calculations.) Maximum payment