1) Mavericks Cosmetics buys $4,099,303 of product (net of discounts) on terms of 3/10, net 60, and it currently pays on

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1) Mavericks Cosmetics buys $4,099,303 of product (net of
discounts) on terms of 3/10, net 60, and it currently pays on the
10th day and takes discounts. Mavericks plans to expand, and
this will require additional financing. If Mavericks decides
to forego discounts, what would the effective percentage cost of
its trade credit be, based on a 365-day year?
Answer in % terms to 2 decimal places.
2)Mahrouq Technologies buys $17,044,077 of materials (net of
discounts) on terms of 2/30, net 60, and it currently pays within
30 days and takes discounts. Mahrouq plans to expand, and
this will require additional financing. If Mahrouq decides to
forego discounts and thus to obtain additional credit from its
suppliers, calculate the nominal cost of that credit.
Answer in % terms to 2 decimal places (no % sign).
Please show work. I have looked at similar questions and for
whatever reason I can not figure out the correct answer