section of Nichols Departm blished. You decide to test one itemn and choose Michelin tires, XW size 185 14 BSW, A perpetual inventory system has been used, so you examine this as well as other records and come up with the following data Cost Holding cost S35 each 20 percent of tire cost per year 1,000 per year S2 Demand order Standard deviation of daily demand Dellivery lead time 4 days Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 98 percent. Assume the demand occurs 365 days per year. a. Detemine the order quantity. (Round your answer to the nearest whole number.) Order quantity tires decimal places and final answer to the nearest whole b. Determine the reorder point.. (Use Excel's NORMSINV) function to find the z value. Do not round intermediate calculations. Round z value to number.) Reorder point tires