General Millets company purchases various grains that it processes into ready to eat cereals. Its annual demand for wheat is 2,50,000 bushels and is uniform throughout the year. The average price of wheat is $3.0625 per bushel. Annual inventory carrying cost is 16% of the inventory value. The costs of placing and receiving an order is $98. The inventory replenishment occurs in 20 days post order is placed. Determine the quantity of grains should General Mills order with the supplier each time a requisition is generated? Given its annual requirement of grains what should be the optimal ordering frequency and re-order point for General Millets company?