Problem: Using the data below, compute for the EOQ, the total annual cost associated with the economic order quantity, and the reorder point. Then answer questions: (40 POINTS) Annual Demand: 8,000 units Weeks Operating: 52/year Ordering Cost: $35/order Holding Cost: S4/unit/year Lead-Time: 3 weeks 1. How much is the Economic Order quantity? 2. Compute for the total cost? Round of to the nearest whole number. 3. How much is the reorder point? Round off to the nearest unit