Video Excel Online Activity: EOQ The sales of a popular mouthwash at Merkle Pharmacies over the past 6 months have averaged 1,900 cases per month resulting in 22,800 cases per month, which is the current order quantity. Merkle's cost is $12.00 per case. The company estimates its cost of capital to be 12 percent. Insurance, taxes, breakage, handling, and pilferage are estimated to be approximately 6 percent of item cost. Thus, the annual inventory-holding costs are estimated to be 18 percent of item cost. The cost of placing an order is estimated to be $37.00 per order regardless of the quantity requested in the order. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet