Epsom Co. manufactures furniture and sells about $40 million a year at a gross margin of 40%. a. What is the maximum inventory level the firm can carry to maintain an inventory turnover (based on COGS) of 8.0? Round the answer to 2 decimal places. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1200000. million b. If the inventory contains $1.2 million of obsolete and damaged goods that don't turn over at all, how fast would the active inventory have to turn over to achieve an overall turnover rate of 8.0? Round the answer to 2 decimal places