19. Hurkin Manufacturing Company pays accounts payable on the 10th day after purchase. The average collection period is 30 days, and the average age of inventory is 40 days. The firm currently has annual sales of about $18 million and purchases of $14 million, The firm is considering a plan that would slow payments down and thereby increase its accounts payable balance to $1,166,667. What is the current cash conversion cycle? What will the conversion cycle be after Hurkin implements its new payable plan? By how much will Hurkin cut its total investment in net working capital?