A large law firm uses an average of 5 packages of copier paper a day. Each package contains 5 0 0 sheets. The firm operates 2 3 0 days a year. Holding cost for the paper is $ 1 per year per package, and ordering cost is $ 1 2 per order. a . What order quantity would minimize total annual ordering and holding cost? ( Round the final answer to the nearest whole number. ) EOQ packages b . Calculate the total annual inventory control cost using your order quantity from part a . ( Round the final answer to 2 decimal places. ) TC $ c . Except for rounding, are annual ordering and holding costs equal at the EOQ? multiple choice 1 Yes No d . The office manager is currently using an order quantity of 1 6 0 packages. The partners of the firm expect the office to be managed in a cost - efficient manner. Would you recommend that the office manager use the optimal order quantity instead of 1 6 0 packages? multiple choice 2 Yes No