40 An analyst gathers the following information (in $ millions) about Apex Inc. and three competitors:

	Revenue	EBIT
Apex Inc.	200	20
Competitor 1	500	150
Competitor 2	370	120
Competitor 3	450	100

Apex management has decided to undertake a cost restructuring plan. To reach its peer median EBIT margin level, the amount of operating cost savings (in $ millions) Apex must achieve is closest to:

A. 32
B. 36
C. 40