Conestoga Cutting Co. orders blades required for its new line of scissors. When they place an order, they traditionally order 60 blades at a time. Conestoga Cutting Co. estimates their carrying cost at 40% of the $10 cost per blade, and the annual demand is about 240 blades per year. With the assumptions of the basic EOQ model, determine the following: a) For what value of order cost, would Conestogas action be considered optimal? b) If the true ordering cost turns out to be much higher than your answer in part a) above, what action should be taken on Conestogas ordering policy