On an Average Day, Nelson Enterprises Receives $30,500 in Checks

On an average day, Nelson Enterprises receives $30,500 in checks from customers. These checks clear the bank in an average of 3 days. The applicable daily interest rate is.03 %. What is the highest daily fee Nelson Enterprises should pay to completely eliminate the collection float? Assume each month has 30 days.

A) $3.39
B) $10.17
C) $27.45
D) $30.50
E) $91.50