3. Assume that ABC Power Tools assembles industrial tools a construction industry. Item 1 is a heavy-duty band saw that and shipped to an ABC distribution center for storage, waiting for an order to be placed. The table below summarizes the cost of holding Item 1 in storage for a one-year time period. a) Compute the total inventory carrying cost of Item 1 for one year. State your answer in both dollar amounts as well as a percentage. b) If ABC Power Tools sells Item 1 to its customers at $360a unit, what should the minimum inventory turns be in order to make a profit? 3. Assume that ABC Power Tools assembles industrial tools a construction industry. Item 1 is a heavy-duty band saw that and shipped to an ABC distribution center for storage, waiting for an order to be placed. The table below summarizes the cost of holding Item 1 in storage for a one-year time period. a) Compute the total inventory carrying cost of Item 1 for one year. State your answer in both dollar amounts as well as a percentage. b) If ABC Power Tools sells Item 1 to its customers at $360a unit, what should the minimum inventory turns be in order to make a profit