The Lawrence Stone-Age Pottery Co

The Lawrence Stone-Age Pottery Co. receives 50 cheques per month from customers. Average payments and clearing times are as follows: five cheques for $21,000, two days; 15 cheques for $58,000, three days; 25 cheques for $37,000, four days; and five cheques for $10,000, five days. Assume a 360-day year.

What is the average daily float?

A) $164,561
B) $175,093
C) $204,321
D) $225,550
E) $238,275