Your Firm Generally Receives 5 Checks a Month

Your firm generally receives 5 checks a month. The check amounts and the collection delay for each check is shown below. Given this information what is the amount of the average daily float? Assume a 30 day month.

A) $1,788.24
B) $2,523.33
C) $3,716.67
D) $6,080.00
E) $8,941.18