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Question 7 (4 points) MySchool Notebook Company produces custom 3-ring binders with school logos for high schools in the Midwest. They mold binders in four

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Question 7 (4 points) MySchool Notebook Company produces custom 3-ring binders with school logos for high schools in the Midwest. They mold binders in four standard colors and then imprint the school's logo on a to-order basis. The average daily demand for the base color notebooks is as follows: Green: 285 notebooks/day Blue: 245 notebooks/day Red: 195 notebooks/day Black: 555 notebooks/day MySchool can produce 1,640 notebooks per 24-hour day. It takes 8 hours to setup production for another color at a cost of $425. Each notebook costs $0.50 to manufacture prior to printing the logos, and MySchool assumes that the annual holding cost for notebooks is 15% of this cost. Calculate the minimum cost cycle time in days. Your

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