Sunflower Company sells several products to many restaurants in the area. One product is a special meat cutter with a disposable blade. Blades are sold in a package of 12 at Tk.20 per package. It has been determined that the demand for the replacement blades is at a constant rate of 2,000 packages per month. The packages cost of the company Tk.10 each from the manufacturer and required a three-day lead time from date of order to date of delivery. The ordering cost is Tk.1.20 per order and the carrying cost is 10% per annum. The company uses the economic order quantity formula. Required: (i) Compute the economic order quantity (ii) Compute the number of orders needed per year. (iii) Compute the cost of ordering and of carrying blades for the year. (iv) Determine the date on which the next order should be placed, assuming that there is no reserve (safety stock) and that the present inventory level is 200 packages. (360 days= 1 year) (v) Discuss the difficulties that most firms would have in attempting to apply the EOQ formula to their inventory problems