Chasteen Hall currently has 60 days in its cash cycle and 141 days in its operating cycle. The firm purchases its inventory from one supplier. This supplier has offered a 5 percent discount to the firm if it will pay for its purchases within 15 days instead of the normal 37 days. If the firm opts to take advantage of the discount offered, its new operating cycle will be _____ days and its new cash cycle will be _____ days.

141 days; 60 days

163 days; 60 days

119 days; 119 days

141 days; 82 days

119 days; 38 days