Question 5 [34] (27) Earthgrow Ltd is is a producer of a wide range of vegetables for the retail industry. The company uses large quantities of fertilizer. The fertilizer supplier has introduced a volume-based discount scheme as indicated in the table below for its customers. Discount scheme Discount Order size 0% 0-5 000 6% 5 001-7 000 8% 7 001-10 000 Earthgrow's production manager is considering the discount scheme and requested your assistance to make an informed decision. He provided the following information: Annual demand (100 kg bags of 144 000 fertilizer) Cost of one unit of the product R6.20 Fixed cost per order R25.00 Annual holding cost per unit 18% of unit cost Economic order quantity (EOQ) 2 535 Required: Show all calculations and round off all answers to two decimals. Should the company consider taking any of the discounts on order quantities offered