The sales budget for your company in the coming year is based on a 25% quarterly growth rate with the first-quarter sales projection at 114 million. In addition to this basic trend, the seasonal adjustments for the four quarters are 0, -16,2, -13,2 and 22,7 million, respectively. Generally, 50% of the sales can be collected within the quarter and 45% in the following quarter; the rest of sales are bad debt. The bad debts are written off in the second quarter after the sales are made. The beginning accounts payable balance is 37 million.

Assuming all sales are on credit, compute the cash collections from sales for the fourth quarter.