Fairchild Garden Supply expects $720 million of sales this year, and it forecasts a 10% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 +0.25(Sales). All dollars are in millions. The firm's cost of goods sold is expected to be 75% of sales. What is the projected inventory turnover ratio for the coming year? Do not round intermediate calculations. O a. 3.47 times O b.2.60 times O c. 2.83 times O d. 3.16 times O e. 2.37 times