Jones Surgicenter uses 90,000 bags of IV solution annually. The optimal safety stock (which is on hand initially) is 1,000 bags. Each bag costs the center $1.50, inventory carrying costs are 20 percent, and the cost of placing an order with the supplier is $15.

Assume 365 days in a year.

A. What is the economic order quantity?

B. What is the total inventory cost, TIC?

C. How many orders will Jones Surgicenter place per year?

D. What is the average daily usage rate? Answer to two decimal places.