Use the same information for this question and the two questions that follow. Annual demand for an item is 35,000 units. The inventory holding cost rate is 15% of the item cost. Ordering costs are $25 per order. The unit price of the item is $80. What is the economic order quantity (EOQ) that minimizes the total annual inventory cost (TAIC)? Greater than 390 Between 385 and 390 Between 380 and 385 Less than 380 Question 7 What is the lowest possible TAIC for this item? Less than 2,800,000 Between 2,802,000 and 2,804,000 Between 2,800,000 and 2,802,000 Greater than 2,804,000 0/2.4 pts

Use the same information for this question and the two questions that follow. Annual demand for an item is 35,000 units. The inventory holding cost rate. is 15% of the item cost. Ordering costs are $25 per order. The unit price of the item is $80. What is the economic order quantity (EOQ) that minimizes the total annual inventory cost (TAIC)? Greater than 390 Detween 385 and 390 Between 380 and 385 Less than 380 Question 7 0/2.4 pts What is the lowest possible TAIC for this item? Less than 2,800,000 Detween 2.802000 and 2304.000 Eetween 2,500.000 and 2.802,000 Geater than 2.804000 Jse the same information for this question and the two questions that follow. Annual demand for an item is 35,000 units. The inventory holding cost rate is 15% of the item cost. Ordering costs are $25 per order. The unit price of the item is $80, What is the economic order quantity (EOQ) that minimizes the total annual inventory cost (TAIC)? Greater than 390 Between 385 and 390 Between 3100 and 385 Lew than 380 Question 7 0/2.4pts What is the lowest possible TAIC for this item? Less than 2.000000 Between 2.002,000 and 2804,000 Betveen 2 600000 and 22102.000 Cocaser tan 2.804000