Daily demand for an item is shown here. Assume a holding cost of $0.50 per unit per day, a setup cost of $100 per setup, a lead time of one day and 70 units on hand. Determine when a work order should be released for the item and the size of the order using : a. L4L, b. EOQ, c. POQ lot sizing. d. Which lot-sizing rule do you recommend? Period 1 2 3 4 5 6 7 8 9 10 Gross Requirement 50 30 25 35 40 50 35 45 70 75