PROBLEM *2: Inventory Control The Everett Jewels Company sells watches. Annual demand for watehes is 48000 . The purchase cost of a watch is $38.00. The annwal inventory holding rate is 20% of the purchase cost. The cost of placing an order is $114.00. The lead-time is 4 days, and assume that there are 200 working days in the year. Round off numbers to the nearest integer, if necessary, What is the Economic Order Quantity or EOQ? Refer to PROBLFM 22 in question 16. Suppose you order every a quantity equal to 2000 instead of the EOQ. Then what is the total cost of holding the inventary per year? (You have to calculate AHC vaing Q=2000 in the formula) QUESTION 22 Ritirts PROBLEM A2 in question 16 Suppose you erder every a quartify equal to 2000 instead of the EOO. Then what is the inceate in the lotat costs fie. penaity) per year for adoping this policy insteed of the EOQ policy? (Fist, you have to calculale TC AOC+AEC for his policy and thee suobract the total cost of EOQ policy trem i) QUESTION 23 Metre wh PROMBH.M =2 in quction 16. heve to calciale AOC uing Qistoo in the formina)