On average, ShopRite Morristown sells 10 boxes of Kellogg's Special K breakfast cereal each day. The purchasing price is $2 per each box. ShopRite Morristown opens 365 days a year. Currently, ShopRite Morristown orders Kellogg's Special K at an order size of 365. The cost of processing an order for Kellogg's Special K is $35. The cost of holding one box of Kellogg's Special K for a year is 20% of the purchasing price. 1) What is the EOQ for Kellogg's Special K? (10%) 2) What are the potential cost savings by switching to EOQ? (always round up the number of orders). (25%) 3) What is the Time Between Orders (in days) for the current strategy and the EOQ strategy? (10%)