4) Joe Henry's machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand: 2,500 Holding cost per bracket per year: $1.50 Order cost per order: $18.75 2 days 250 a) What is the EOQ? Lead time: Working days per year: b) how many orders would be made each year? c) What would be the annual order(set-up) cost? d) What is the time between orders? e) What is the reorder point (ROP)