Company M is a retailer of fresh food in Australia that works 365 days in a year. The manager would like you to determine a minimum-cost inventory plan for carrots. They have collected the following information: Annual demand: 20 tonnes Carrot cost: $0.47/kg Carrot RRP: $2/kg Annual inventory holding cost: 20% Ordering cost: $60 Annual in-transit holding cost: 10% Freight rate: $0.21/kg Freight-related charges (per shipment): $75 (i.e. handling fee) Time to process order for freight: 1 day Freight transit time: 14 days The manager wants you to determine the following information: a. Economic order quantity b. The total purchasing cost c. The total ordering cost d. The