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If your caf uses 40 packs of coffee per day and the caf operates 260 days a year. Storage and handling cost is $30 a

If your caf uses 40 packs of coffee per day and the caf operates 260 days a year. Storage and handling cost is $30 a year per pack and it costs $60 to order and receive a shipment of coffee. What is the optimal order quantity, i.e., EOQ? (Annual demand, D, will be consumption per day multiplied by number of days the caf operates, EOQ=2DS/H). Compute the total annual and holding cost (Total cost=QH/2 DS/Q ) (2 points). For this question provide the whole process using formulas, equations, and answer. For more information on how to solve this problem, please watch the video

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