Parramore Corp has $18 million of sales, $2 million of inventories, 94 million of receivables, and $2 milion of payables. It cost of goods sold is 65% of sales, and it finances working capital with bank loans at an 8% rate. Assume 365 days in year for your calculations. Do not round intermediate steps: 1. What is Parramore's cash conversion cyde (CCC)? Do not round intermediate calculation. Hound your answer to two decimal places days 2. f Parramore could tower its inventories and receivables by 99 each and increase ts payables by 9%, al without affecting wes or cost of goods sold, what would be the new CCC Do not round intermediate calculations, Round your answer to two decimal places days 3. How much cash would be freed up, if Parramore could lower its inventories and receivable by each and increase its payables by 9, all without affecting sales or cost of goods sold? Do not round intermediate calculations. Round your answer to the nearest cent. Write out your answer completely. For example, 13.2 million should be entered as 13,200,000 4. Bly how much would protax profits change, Paramore could lower its inventories and receivables by 9% each and crease its payabies by 9%, all without affecting sales or cost of goods sold? Do not round intermediate calculations. Round your answer to the nearest cent.write out your answer completely. For example, 12.2 milion should be entered as 13,200,000