Question 8: Nets Company sells shoes. One of the products it carries is are sneakers. The supplier for the sneakers pays all incoming freight. Using the following information, please calculate the economic order quantity, the number of orders per year, and the reorder point for the shirts. Annual Demand for Sneakers: Ordering Cost per Purchase Order: Carrying Cost per Year: Safety-stock requirement: Cost of Sneakers: Purchasing lead time: Nets Company opening weeks per year: 2,400 pairs $9 30% of purchase price None $10 3 weeks 50 weeks Economic Order Quantity Orders per Year: Reorder Point