Question Two Excel Limited is a manufacturer of energy saving bulbs. To manufacture the finished product one unit of component KYIV s required. Quarierly requirement of component KYIV is 18,000 units, the cost beng N500 per unit. Other relevant detasls for the ycar 2020 are: Cost of placing an order: N2,250 Carrying cost of inventory: 127% of purchase cost Maximum Lead time: 20 days Minimum Lead time: 8 days Maximum Consumption: 400 units per day Minimum Consumption: 200 units per day You are required to explain and calculate: i. EOQ ii Re-onder level iiiMininmum inventory level ivmaximum inventory level V. Optimal number of purchase order per year