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For the following three question ( 2 6 - 2 8 ) , consider the following situation ( Note that: Just type the number in

For the following three question (26-28), consider the following situation (Note that: Just type the number in the answering area:
Groundz Coffee Shop uses 4 pounds of a specialty tea weekly; each pound costs $16. Carrying costs are $1 per pound per week because space is very scarce. It costs the firm $8 to prepare an order. Assume the basic EOQ model with no shortages applies. Assume 52 weeks per year, closed on Mondays.
How many pounds should Groundz order at a time?
Question 27
1 pts
What is total annual cost (excluding item cost) of managing this item on a cost-minimizing basis?
Question 28
1 pts
In pursuing lowest annual total cost, how many orders should Groundz place annually?
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