Electronic Funds Transfer: Rocky Company Has Daily Sales of $18,100

Electronic Funds Transfer: Rocky Company has daily sales of $18,100. The financial manager determined that an electronic funds transfer system would reduce the collection time by 2.2 days. Assuming the company can earn 6 per cent interest per year, what are the savings from the system? Round to the nearest dollar.

A) $31,620.50
B) $42,209.20
C) $39,820.00
D) $51,100.45