Ground 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? What is total annual cost $($excluding item cost$)$ of managing this item on a cost$-$minimizing basis?In pursuing lowest annual total cost, how many orders should Ground place annually?