3. A company makes bicycles. It produces 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of RM20.00 per tire. The company's inventory carrying cost is estimated to be 15% of cost and the ordering is RM50.00 per order. Required: i. Determine the EOQ. ii. Determine the number of orders in a year. iii. Determine the total cost in a year