Question 24 (1 point) For the first quarter of the year, a company has projected sales of $2,275. Sales in the subsequent quarters are projected to increase at 8.82% per quarter. The company has a payables period of 44 days. The company purchases inventory in each quarter equal to 28% of projected sales for the following quarter. Assuming a quarter equals 90 days, how much total cash payments are made in the first quarter for inventory purchases? $616 $632 $649 $666 $682