Bird Watcher's Digest uses 50,000 reams of paper during each year. These reams of paper come from a supplier 500 miles away for $6 each. The lead time is 4 days. The holding cost per ream is $0.50 per ream per year. The ordering cost per order is $5. Assuming their production and therefore their usage is relatively constant throughout the year and there are 250 working days per year, a. What is the EOQ?] b. Given the EOQ, what is the average inventory? What is the annual inventory holding cost? c. In minimizing cost, how many orders would be placed each year? What would be the annual ordering cost? d. Given the EOQ, what is the total annual inventory cost (including purchase cost)? e. What is the time between orders? f. What is the ROP