Richard, a buyer at Modem Cycles, an Arkansas-based purveyor of bicycle frames for cycling enthusiasts, was doing some number crunching. Modern Cycles was reevaluating its transportation options for a key component of the bicycle frame, the front fork. After some extensive evaluation, Richard had narrowed it down to two motor carriers and he was comparing them. Bear, Inc. was based in Conway Arkansas and Buckeye, Inc. was based in Columbus Ohio. Given the following information that Richard compiled, answer the questions below. Homework 6: Integration of transportation and inventory 3) What are the respective transportation costs for Bear Inc. and Buckeye Inc? 4) Based on the total cost (inventory and transportation) which carrier should Richard select? 1) What is the EOQ? 16 2) What is the total annual inventory cost depending on esch transportation provider? (consider annual holding cost, annual ordering cost, and annual in-transit holding cost)