How does the Pro-Rated (by Day) Projection Method work?

This projection method sets the first and last schedule values in the same way as the Pro-rate (by Month) projection method. However, the difference is that the schedule value is set each month according to the number of days in that month. So, February would have 28 days of revenue, March would have 31 days of revenue, April would have 30 days of revenue, and so on.