IMC Ltd. has consistent annual sales of $75 million, cost of goods sold (COGS) of $61 million, and operating expenses of $5 million. Company policy is to maintain an inventory balance equal to 40% of COGS at all times. In accordance with the firm's credit policy, 90% of sales are on credit, with all customers paying on the due date.The accounts receivable balance is constant at $4.5 million. IMC always pays its bills exactly on the due date, resulting in an average accounts payable balance of $5.5 million. Based on this information, what is IMC's estimated cash conversion cycle (CCC)? a) 112.66 b) 137.42 C) 137.48 D) 139.91 days