Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year: o. Determine the order quantity and reorder point. (Use Excel's NORMSINV() function to find your z-value and then round that z volue to 2 decimal places. Do not round ony other intermediate calculations. Round your final answers to the nearest whole number.) b. Determine the annual holding and order costs. (Do not round any intermediate colculations. Round your final onswers to 2 decimol ploces.) c. Assume a price break of $50 per order was offered for purchase quantities of 2,200 units per order. If you took advantage of this price break, how much would you save annually? (Do not round ony intermediate colculations (including number of setups per year). Round your final onswer to 2 decimal places.)