A company produces a product for which the annual demand is 12,000 units, the cost to place and process an order is $50 and the annual holding cost for this product is $15 per unit. The company operates 250 days per year, and the lead time to receive and order from the supplier is 2 working days. Use a computer to answer the following questions: I - Find the economic order quantity. The letter associated with the correct answer is A) 244.95 B) 268.33 C) 282.84 D) 300.00 E) None of the above II - Find the minimum total annual cost. The letter associated with the correct answer is A) $4,242.64 B) $4,898.98 C) $5,366.56 D) $6,000.00 E) None of the above III - Find the expected time between orders. The letter associated with the correct answer is A) 5.89 B) 6.00 C) 6.12 D) 6.71 E) None of the above IV - Find the reorder point without safety stock. The letter associated with the correct answer is A) 80 B) 96 C) 150 D) 160 E) None of the above