(b) A Company has 20 days as average raw material inventory holding period (AAI), 15 days processing time, 10 days finished goods inventory holding time, 20 days' average receivable collection period (ACP) and 30 days' average payment period. The Company estimated for 2022 that raw material costs shall be N$ 15 million, processing costs shall be N$ 5 million, raw materials and finished goods holding costs shall be N$3 million and marketing and collection costs shall be N$ 1 million. Required (i) Calculate the operating cycle (OC) and cash conversion cycle (CCC). (3 marks) (ii) Determine working capital requirement of the company for 2022 assuming 365 days in a year. (7 marks)