LEE is considering manufacturing many of the components. The cost to set up for producing a standard component is approximately $200 (considering labor, testing facilities, etc.). Once set up they can produce at a rate of approximately 20 units /day (4,000 units per year) at a cost of $100 each. Daily demand is forecast at 15 units. If the firm uses a 30% annual rate of inventory value for holding inventory: [Note: This problem is related to production run length or production run size model (ERL)]. What is the estimated number of days to spend for production (in days) during the production run cycle? Group of answer choices 20 days 26.7 days None of the Above 10 days 7 days