Marks 20Power Company sells a number of products to many restaurants in the area. One product is a special meat cutter with a disposable blade. Blades are sold in a package of 12 at Rs.400 per package It has been determined that demand for the replacement blades is at constant rate of 3,500 packages per month. The packages cost the co Rs.38 each from the manufacturer and require a three-day lead time from the date of order to date of delivery. The ordering cost is Rs.18.30 per order, and the carrying cost is 29% per unit.The company uses economic order quantity formula.REQUIRED:1) The most economical order quantity. 2) The number of orders needed per year. 3) The total cost of ordering and carrying blades for the year.Word Coun