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The manufacturing company Freddy Automotive Parts Inc. has a 10 week lead time for work in process and an annual cost of goods sold of

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The manufacturing company Freddy Automotive Parts Inc. has a 10 week lead time for work in process and an annual cost of goods sold of \\( \\$ 15 \\) million. Assuming that Freddy Automotive Parts is able to reduce to seven weeks and the annual cost of carrying inventory is \20 of the inventory value, the annual saving to the company would be: \\( \\$ 1.5 \\) million \\( \\$ 100,000 \\) \\( \\$ 2 \\) million None of the above \\( \\$ 90,000 \\)

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