A Petes Premium Printing business operates 245 days a year. The company uses a lot of paper in its daily operations. The table below provides relevant demand and cost information. Using this information answer the 3 questions below. Inventory Information for Printing Paper The Cost of a Case of Paper $35.00 Annual Holding Cost (as a % of Cost) 24% Cost to Place an Order $15.00 Average Daily Demand (in cases) 500 Standard deviation of Daily demand 125 Lead time to receive an order (in days) 5 1. Currretly Pete orders quantity is 5000 cases. Based on this Order quantity what is Pete's: a) Annual Ordering Cost b) Annual Holding Cost c) Annual Total Cost 2. What would Pete's order quantity be if he used the EOQ? (Round to nearest Whole Number) 3. How much would Pete's Annual Total Cost go down if he used the EOQ? (Hint - Compare EOQ Annual Total Cost to answer #1)