$ Order Cost 5 9.00 258:00 Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item Cost Avg Demand Annual Holding Cost (%) Annual Demand 30% of item cost 25,900 SD Weekly Demand Lead Time Service Probability 7 A. Determine the order quantity and reorder point 8. Determine the annual holding and order cost 9 C. If a price break of 5% was offered for purchase quantities of over 3,000, what would be the annual savings? 10 11 12 13 14 19 16 17 22 23 518 per week 25 per week 2 week(s) 96% Answer Answer Answer