54. Ace in the Sleeve Co, an online retailer, sells decks of playing cards. The company purchases each deck from its supplier for $1.50/deck Annual demand for decks of playing cards is 739,600 decks. Ace in the Sleeve requires 20% annual return on investment. The purchase order lead time is 3 weeks. The following cost data are available Relevant ordering costs per purchase order (PO): Relevant carrying costs per deck per year: $50 Required annual return on investment, 20% x $1.50 Relevant insurance, materials handling, loss per year $0.30 $0.70 1. What is the economic order quantity (EOQ) of decks determined? Round your answer up to next highest full deck if necessary. Show formula and work. (2 marks) 2. How many orders should Ace in the Sleeve place per year? Round your answer to next highest full number if necessary. Show formula and work. (3 marks) 3. What is Ace in the Sleeve's reorder point? Show work (2 marks) 4. Would a higher relevant ordering cost per order result in a higher or lower EOQ amoun (1 mark) 5. What amount would Ace in the Sleeve record for total annual relevant ordering costs associated with the decks of playing cards? Show work. (2 marks)