14-5 M (Changing the CCC) Camp Manufacturing turns over its inventory eight times each year, has an APP of 35 days and an ACP of 60 days. The firm's total annual outlays for OC investments are $3.5 million. Assuming a 365-day year: a Calculate the firm's OC and CCC b Calculate the firm's daily cash operating expenditure. How much negotiated financing is required to support its CCC? c Assuming the firm pays 14% for its financing, by how much would it increase its annual profits by favourably changing its current CCC by 20 days