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Eyewumi Olowu 03/29/22 9:40 PM Homework: Assignment #8 Chapter #19 Question 6, Exercise 19-16 (similar to) HW Score: 21.67%, 5.42 of 25 points Part 2 of 5 Points: 0.42 of 5 Save Fan World (FW) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its soccer jerseys product line. This is a highly popula item. Data for 2018 are: (Click the icon to view the information.) Each jersey costs FW $40 and sells for $80. The $7 carrying cost per jersey per year comprises the required return on investment of $4.00 (= 10% of $40 purchase price) plus $3.00 in relevant insurance, handling, and theft-related costs. The purchasing lead time is 7 days. FW is open 364 days a year. Required Requirement 1. Calculate the EOQ Begin by selecting the formula used to calculate EOQ. D = Demand in units for one year, P = Ordering cost per purchase order, C = Carrying cost of one unit in stock, Q = Any order quantity) EOQ = 2DP The EOQ for soccer jerseys is jerseys. (Round your answer to the nearest whole number.) Clear all Check answer Help me solve this Etext pages Get more help - 9:41 PM 3/29/2022 Fa Type here to search O Delete 2 F9 F11 38# F12 Prisc Insert F5 Backspace S % O 3 5 R T URequired 1. Calculate the EOQ. 2. Calculate the number of orders that will be placed each year 3. Calculate the reorder point Print Done help -5 d Information Expected annual demand for soccer jerseys 10,000 Ordering cost per purchase order $200 Carrying cost per year $7 per jersey Print Done help - O