Imagine a hypothetical dividend scenario for Apple in 2012, where the company will distribute all cash to shareholders except the required two times SG&A amount (Received Cash) for day to day expenses. How much is the total amount they can distribute in dividends? Consider tax consequences and use a 35% tax rate in your answer. Please answer as soon as you reasonably can.

A. $71.9 bln

B. $54.4 bln

C. $37.6 bln

D. $121.3 bln

2012 Actual 2012 2013 2014 2015 2016 2017 $121,251 Balance Sheet Total Cash Required Cash Excess Cash (plug) Accounts receivable Inventories Other Current Assets (10.3% of COGS) Net PPEN Other (12.3% of COGS) Total assets $121,251 $18,692 $791 $9,041 $15,452 $10.837 $176,064 $20,080 $20,080 $0 $18,692 $791 $9,048 $15,452 $19.250 $83,314 46,277 $22,088 $24,189 $20,561 $870 $9,953 $16,997 $11.886 $106,544 $97,115 $24,297 $72,818 $22,617 $957 $10,948 $18,697 $13.074 $163,408 $153,036 $26,726 $126,309 $24,879 $1,053 $12,043 $20,567 $14.382 $225,959 $214,549 $29,399 $185,150 $27,367 $1,158 $13,247 $22,623 $15.820 $294,765 $282,214 $32,339 $249,875 $30,104 $1,274 $14,572 $24,886 $17.402 $370,451