The purchasing manager of a manufacturing company suspects that it is not buying a particular part in the most economical way. A financial analysis shows that: Each item costs PKR7.20 The annual stock holding costs are X% (X represents last two digits of your registration number) of the price paid Each order costs PKR 55 to place (including follow up) The average annual demand is 9200 components Required: 1. The economic order quantity 2. The number of days this supply would last (Assume 1 year = 265 days) 3. the number of orders per year 4. the minimum total cost per year The purchasing manager of a manufacturing company suspects that it is not buying a particular part in the most economical way. A financial analysis shows that: Each item costs PKR7.20 The annual stock holding costs are X% (X represents last two digits of your registration number) of the price paid Each order costs PKR 55 to place (including follow up) The average annual demand is 9200 components Required: 1. The economic order quantity 2. The number of days this supply would last (Assume 1 year = 265 days) 3. the number of orders per year 4. the minimum total cost per year