1. a. Assume you have a product with the following parameters: (5 points) Annual Demand = 2500 units Carrying cost per year = $2.75 per unit Order cost = $125 per order What is the EOQ for this product? b. Given the data from previous problem, and assuming a 300-day work year, how many orders should be processed per year? What is the Reorder point if the time taken to deliver the order is 14 days? (5 points) c. What is the total cost for the inventory policy used in problem 1(a)? (2 points)