ALVIC is one of the huge companies that manufactures home small appliances. The company's products are popular not only in USA, but also in Europe and Asia. ALVIC purchases a crucial component for one of its most popular products from a vendor in Asia and company needs 2,250 units of this component annually. ALVIC's carrying cost per unit per year is estimated to be 15% of the cost of the item. Currently, the vendor charges ALVIC $60 per unit and company incurs $20 every time an order is placed from the vendor. The replenishment lead time for the component is 15 days and ALVIC operates 250 days a year. Based on the foregoing data, provide your responses to each of the following questions and show your work to determine your responses.