Fail to import a shared module from a custom module code using module_utils configuration

Hi,
We have the following setup (the simplified version):

/
/playbooks
/playbooks/ansible.cfg
/playbooks/test_playbook.yml
/library/
/library/ac/
/library/ac/custom_module.py
/library/module_utils/
/library/module_utils/semver_utils.py

test_playbook.yml: