A toy manufacturer uses 51,700 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 700 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $1.70 per wheel per year. Setup cost for a production run is $43. The firm operates 235 days per year. Determine the following:

What is the EPQ? What is the total annual inventory cost? What are the cycle and run times?