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Parts 1 through 4 EOQ analysis Tiger Corporation purchases ( 1 , 4 0 0 , 0 0 0 ) units per year

Parts 1 through 4 EOQ analysis Tiger Corporation purchases \(1,400,000\) units per year of one component. The fixed cost per order is \(\$ 54\). The annual carrying cost of the item is \(26.2\%\) of its \(\$ 9.62\) cost. a. Determine the EOQ if (1) the conditions stated above hold, (2) the order cost is \(\$ 1.00\) rather than \(\$ 54\). and (3) the order cost is \(\$ 54\) but the carrying cost is \(\$ 0.01\) b. What do your answers illustrate about the EOQ model? Explain using excel.

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