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he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: table [ [ Setup

he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip:
\table[[Setup labor cost,$25 per hour],[Annual holding cost,$12 per unit],[Daily production,992 units/8 hour day],[Annual demand,45,360(270 days each daily demand of 168 units)],[Desired lot size,124 units (one hour of production)]]
To obtain the desired lot size, the set-up time that should be achieved = minutes (round your response to two decimal places).
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