ABC Company writes 203 checks a day for an average amount of $423 each. These checks generally clear the bank in 3 days. In addition, the firm generally receives an average of $132,918 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?
Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.