If the company in #$8$ uses exponential smoothing $($smoothing factor $=\mathrm{.}6)$ and the forecast for the year is the figure they use for EOQ calculations, calculate the EOQ using the following information: II

a$.$ The cost of ordering and carrying cost $\%$ are the same as #$7$I

b$.$ Starting with $2021,$ Forecast the $2023$ demand using exponential smoothing and then use that forecast as the annual demand to calculate the EOQ.