Your options for shipping $$104,780$ of machine parts from Hamilton to Kuala Lumpur, Malaysia, are $(1)$ use a ship that will take $32$ days at a cost of $$3,540,$ or $(2)$ truck the parts to

Vancouver and then ship at a total cost of $$4,840.$ The second option will take only $18$ days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at

$30\%$ of the value per year.

a$)$

is more economical, with a daily holding cost of $

$($Enter your response rounded to two decimal places.$)$