Mace Auto Parts Company sells to retail auto supply stores on credit terms of "net 60." Annual credit sales are $300 million (sprend evenly throughout the year) and its accounts average 28 days overdue. The firm's varinble cost ratio is 0.75 (ic, variable costs are 75% of sales). When converting from annual to daily data or vice versa, assume there are 365 days per year. Suppose that Mace's sales are expected to increase by 20% o next year and through more effective collection methods, the firm can reduce its average collection period by 20 days. Determine the firm's average investment in receivables for next year under these conditions. O a $98,630 Ob, 567,068,493 C. 556,666,667 O 0.55,294118