Item X is a standard Item stocked in a company's Inventory of component parts. Each year the firm, on a random basis, uses about 1600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital amount to $8 per unit of average inventory. Every time an order is placed for more of item X. it costs $16. Whenever Item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) Order size b. What is the annual cost for ordering item (Round your answer to 2 decimal places. Round your intermediate calculation) Ordering cool c. What is the annual cost for storing Item X Round your answer to 2 decimal places. Round your intermediate calculation)