Based on the preceding including the analysis of accounts receivable in Part I above, and assuming that Steinway takes 35 days on average to pay its accounts payable, how long does it take from when Steinway pays cash to purchase raw materials and when they collect cash from customers? (2 points) Assume that an instrument ties up $1,000 on average over the time between when cash is paid to suppliers and when it is collected from customers and that Steinway's cost of capital is 8%. Estimate the cost to Steinway of the capital tied up in the average instrument. (2 points)