Clauson, Inc., grants credit terms of 1/15, net 30 and projects gross credit sales for the year of $2,000,000. The credit manager estimates that 40% of customers pay on the 15th day, 40% on the 30th day, and 20% on the 45th day. Assuming uniform sales and a 360-day year, what is the projected amount of overdue receivables?

$50,000
$16,667
$150,000
$400,000

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