a$.$ Assume you have a product with the following parameters: $(5$ points$)$

Annual Demand $=25000$ units

Price per unit $=$$$18$

Carrying cost per year $=3\mathrm{.}5\%$ of price

Order cost $=$$$300$ per order

What is the EOQ for this product?

b$.$ Given the data from above, and assuming a $200-$day work year, how many orders should be processed per year? What is the expected time between orders?

$(5$ points$)$

c$.$ What is the total cost for the inventory policy used in Problem $1?(3$ points$)$