Network Solutions just introduced anew, fully automated manufacturing plant that produces 3,000 wireless routers per day with materials costs of $65 per router and no other costs. The average number of days a router is held in inventory before being sold is 61 days. Inaddition, they generally pay their suppliers in 38 days, while collecting from their customers after 20 days.

a.The cash conversion cycle is days. (Round to the nearest wholenumber.)

b.What would happen to the cash conversion cycle if they could stretch their payments to suppliers from 38 days to 58 days?

c.How much would working capital be reduced if they stretched their payments to suppliers from 38 days to 58?