On an Average Day, Goose Down Feathers Receives $2,400 in Checks

On an average day, Goose Down Feathers receives $2,400 in checks from customers. These checks clear the bank in an average of 1.7 days. The applicable daily interest rate is 0.04 percent. What is the present value of the float? Assume each month has 30 days.

A) $115.20
B) $618.40
C) $2,400.00
D) $4,080.00
E) $4,256.50