Adventure Center is a 1,500-acre theme park in southern Florida. An Adventure Center branded book bag sells at a fairly steady rate throughout the year, and Adventure Center sells a total of 5,000 book bags annually. Adventure Center currently orders book bags in lots of 1,000, and estimates the cost of ordering branded merchandise from its supplier to be $100, regardless of how much or how little is ordered. Adventure Center pays $16 per book bag and estimates its holding cost of all branded merchandise to be 25% annually. Which of the following statement is true? Check all that apply. Question 6 options: Annual holding cost is $4 Adventure Center can reduce the ordering and holding costs associated with book bags by $2000 annually by reducing its order size to 500. The EOQ order size for reducing holding costs is 500 books Adventure Center can reduce the ordering and holding costs associated with book bags by $500 annually by reducing its order size to 500.