Fan World (FW) 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 FW $43 and sells for $86. The $10 carrying cost per jersey per year comprises the required return on investment of $6.02 ( = 14% of $43 purchase price) plus $3.98 in relevant insurance, handling, and theft-related costs. The purchasing lead time is 7 days. FW is open 364 days a year. Required - Information 1. Calculate the EOQ. 2. Calculate the number of orders that will be placed each year. 3. Calculate the reorder point. Ordering cost per purchase order Carrying cost per year Expected annual demand for soccer jerseys 44,200 $170 $10 per jersey Print Done Print Done - Annual demand ulate EOQ. ering cost per purchase order, C = Carrying cost of one unit in stock, Q = Any order quantity) ys. (Round your answer to the nearest whole number.) rders that will be placed each year. (Round your answer up to the nearest whole number.) e number of orders that will be placed each year, and then calculate the orders per year. Cost per jersey Demand per day EOQ Number of working days and Ordering cost per order 44,200 1,226 = 37 orders per year Purchasing lead time (days) t. (Round the demand per day to two decimal places. Round your final answer up to the nearest whole number.) e reorder point for the jerseys, and then calculate the reorder point. X X = || = Reorder point jerseys