1. A company has the following annual costs; wages for purchasing are $400,000, purchasing expenses are $20,000, customs and brokerage costs are $30 per order, the cost of financing inventory is 6%, storage costs are 9% and risk costs are 15%. The average inventory is $150,000 and 2500 orders are placed per year. (4 marks) a. What are the annual ordering costs? b. What are the annual carrying costs