Ink, Inc. is planning the purchase of one of its component parts needed for its finished product. The anticipated demands for the component for the next twelve periods are shown in the table. The cost to order the component (labor, shipping, and paperwork all combined)1 is $150. The cost to hold these items in inventory is $1 per unit per period. The price of the component is expected to remain stable at $12 per unit, and no quantity discounts are available. Develop an LP model to minimize the cost of satisfying the company demand for this component