Fan Base (FB) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its soccer jerseys product line. This is a highly popular item. Data for the year are: (Click the icon to view the information.) Each jersey costs FB $40 and sells for $80. The $8 carrying cost per jersey per year comprises the required return on investment of $4.80 (= 12% of $40 purchase price) plus $3.20 in relevant insurance, handling, and theft-related costs. The purchasing lead time is 7 days. FB is open 365 days a year. Required Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D = Demand in units for one year, P = Ordering cost per purchase order, C = Carrying cost of one unit in stock, Q = Any order quantity) The EOQ for soccer jerseys is jerseys. (Round your answer to the nearest whole number.) Requirement 2. Calculate the number of orders that will be placed each year. (Round your answer up to the nearest whole number.) Determine the formula used to calculate the number of orders that will be placed each year, and then calculate the orders per year. Number of orders = orders per year Requirement 3. Calculate the reorder point. (Round the demand per day to two decimal places. Round your final answer up to the nearest whole number.) Determine the formula used to calculate the reorder point for the jerseys, and then calculate the reorder point. X X Reorder point jerseys Information Expected annual demand for soccer jerseys 20,000 Ordering cost per purchase order Carrying cost per year $200 $8 per jersey Print Done - X