A company manufactures steel boxes. To manufacture the product, it needs steel to calculate the quantity required EMQ needs to be calculated. Average demand for the product is 80000/year. The Production system works 7.5 hours a day with cycle time of 1.2 minutes. Ordering cost is $100 and selling price of the product is $50/unit. If holding cost is 10% of the price and a year is assumed to be 52 weeks. Determine 1)- EMQ for the given condition. (5) 2)- Time in days between subsequent orders. (5) Assumptions: A week =5 days.