JUST NEED ANSWERS TO THE TWO QUESTIONS

Excel Online Structured Activity: 00Q with Quantity Discounts The Kuantan Corporation purchases a component from a supplier who offers quantity discounts to encourage larger order quantities. The supply chain manager of the company wants to determine the optimal order quantity to ensure the total annual inventory cost is minimized. The company's annual demand forecast for the item is 4,170 units, the order cost is $45 per order, and the annual holding rate is 15 percent. The price schedule for the item is: Order Quantity Price per Unit ($) 5.00 1-150 4.50 151-450 451 and above 4.00 Open the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. X Open spreadsheet Questions 1. What is the optimal order quantity that will minimize the total annual inventory cost for this component? Round your answer to two decimal places. units 2. What is the minimum total annual inventory cost? Round your answer to the nearest cent. $ Optimal Order Quantity with Quantity Discounts Annual Demand Forecast Order cost per order Annual holding rate 4170 $45.00 15% Order Quantity 1 150 151 450 451 1.00E+99 Price per unit $5.00 $4.50 $4.00 Feasible? Formulas EOQ at the highest price point EOQ at the middle price point EOQ at the lowest price point #N/A #N/A #N/A #N/A #N/A #N/A TAIC #N/A