Lulu Materials Industries sells on terms of 2/10, net 40. Total sales for the year are $1,921,000; 30% of the customers pay on the 10th day and take discounts, while the other 70% pay, on average, 70 days after their purchases.

Round your answer to 2 decimal places. Do not round intermediate calculations.

Lulu's days sales outstanding will equal _____ days.

The average amount of receivables the company has is equal to $______.

What is the nominal percentage cost of trade credit to customers who take the discount? _____%

What is the nominal percentage cost of trade credit to customers who do not take the discount and pay in 70 days? _____%

How much cash would be freed up if Lulus toughened up on its collection policy with the result that all non-discount customers paid on the 40th day? That amount would be $______