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Carol Cagle has a repetifive manufacturing plant producing trailer hilches in Arfington, Texas. The plant has an average inventory turnover of only 12 times per

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Carol Cagle has a repetifive manufacturing plant producing trailer hilches in Arfington, Texas. The plant has an average inventory turnover of only 12 times per year. has therefore determined that he will reduce his component lot sizes. He has developed the following data for cone component, the safety chain clip: \begin{tabular}{ll} Setup labor cost & $25 per hour \\ Annual holding cost & $16 per unit \\ Daily production & 1,008 unitsa hour day \\ Annual demand & 43,680 (260 days each daily demand of 168 units) \\ Desired lot size & 126 units (one hour of production) \end{tabular} To obtain the desired lot size, the set-up time that should be actieved = minutes (round your response to two decimal places)

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