please explain in details

1. A retailer plans to begin selling a new product and expects sales of $1,000,000 during the first year, and the gross profit margin to be 25%. To prepare for this, they plan to acquire 30 days worth of inventory. Their vendor will allow 10 days to pay its invoices. The company does not sell on account, so sales will be entirely cash based. What amount of net working capital should be included in the initial investment?

Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234

2. A company is launching a new sales initiative and expects sales of $100,000 during the first year, and the gross profit margin to be 32%. To prepare for this, they plan to acquire 100 days worth of inventory. They have also negotiated 45 days to pay its invoices from the vendor supplying the inventory. The company plans to sell only on account to its customers, so sales will be entirely credit based, and the average invoice is expected to take 29 days to collect. What amount of net working capital should be included in the initial investment?

Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234