annual holding cost rate is 20%. Q=TC=$ QTC=[=$ days (d) Would you recommend a no-backorder or a backorder inventory policy for this product? Explain. Yes, the maximum wait is less than a week and the backorder case has a lower cost than the EOQ case. Yes, the maximum wait is over a week long, but the cost savings of the backorder case is large enough to justify a long wait. No, the maximum wait is over a week long and the EOQ case has a lower cost than the backorder case. No, the maximum wait is less than a week but the EOQ case has a lower cost than the backorder case. ' No, the maximum wait is over a week long, which does not justify the cost savings of the backorder case. (e) If the lead time is six days, what is the reorder point for both the no-backorder and backorder inventory policies? (Round your answers to two decimal places.) EOQ r= Backorder r=