the semester break for a pizza restaurant. You notice that the restaurant carries the most expensive ingredient, cheese, regularly in its inventory. The owner orders lenishment every time when the stock level of cheese drops to 200 kg The supplier of cheese accepts a minimum order of 400 kg and takes 5 days to deliver after arn order is placed. The price of cheese is $17.50 per k. The restaurant is open for 7 days a week for 50 weeks a year and consumes 14.000 kg per year. The owner estimates that it costs the business S40 to place an order and 10% of the purchase ce to carry the stock of cheese. ou have proposed to the owner that the Economie Order Quantity Model be adopted in nanaging the inventory equired (1) Computethe total cost of orderin g and carrying the cheese under the curent practice 2) If the owner accepts your advice, compute the cost of ordering and 3) Calculate the saving in the cost associated with inventory per annum ar advice, compute the cost of ordering and carying the cheese using the EOQ will be the total cost of ordering and carrying the cheese? rP @