Madolly Company produces skateboards and purchases 15,600 units of a wheel bearing each year at a cost of $2 per unit. Madolly requires a 11% annual rate of return on investment. In addition, the relevant carrying cost (for insurance, materials handling, breakage, etc.) is $0.22 per unit per year. The relevant ordering cost per purchase order is $37.10. Requirements 1. Calculate Madolly's EOQ for the wheel bearing. 2. Calculate Madolly's annual relevant ordering costs for the EOQ calculated in requirement 1. 3. Calculate Madolly's annual relevant carrying costs for the EOQ calculated in requirement 1. 4. Assume that demand is uniform throughout the year and known with certainty so there is no need for safety stocks. The purchase-order lead time is half a month. Calculate Madolly's reorder point for the wheel bearing. Print Done