Question 1 The Denim World sells fabrics to a wide range of customers. The Denim World has collected the following information: Annual Demand 26,400 yards Ordering cost per purchase order $165 Carrying cost per year 20% of purchase costs Cost of fabric $9 per yard The purchasing lead time is 2 weeks. The Company is open 250 days a year (50 weeks for 5 days a week) 1. Calculate the EOQ. 2. Calculate the number of orders that will be placed each year. 3. Calculate the annual total relevant ordering costs and the annual total relevant carrying cost. 4. Calculate the reorder point