Given: EOQ= 2 x Annual Units x Cost / Order ICC % x Unit Cost Annual Units 54,750 Ordering Costs (Per Order) $ 10.00 ICC% 35% Unit Cost (Per Unit) $ 72.50 6). Calculate the EOQ for this item Round Up to the next highest whole number 7). Excluding Safety Stock, what is the average inventory for this item In Units and in Dollars? 8). The company recently moved into an automated distribution center. With better space utilization and a modern Warehouse Management System (WMS), management estimates that inventory carrying costs will fall from 35% down to 25%. What would be the new EOQ for this item? Round Up to the Next highest whole number. 9). Excluding Safety Stock, what is the NEW average inventory for this item In Units and in Dollars? How much cash would be freed up by going to the new system? 10). Is more inventory on hand or less? Explain why the average inventory changed?