What chances does Michigan have to make one of the top Bowl games?

If Michigan win out, including a victory over #1 Ohio St, how far up do you think they can get in the ranking? With teams like BC, Oregon, LSU already having a loss......With only ASU vs USC and Kansas vs Missouri, the other higher ranked teams don't really have meaningful opponents left. How far up can Michigan make it by winning out and beating the "best" team in college football?