What is the total annual cost of ordering and storing XL-20 at the economic order quantity? (Round intermediate calculations and final answer to nearest whole number.) Total annual cost How many orders will be placed per year? (Round intermediate calculations and final answer to nearest whole number.) Orders per year Fiber Technology's controller, Jay Turnbull, recently attended a seminar on JIT purchasing. Afterward he analyzed the cost of storing XL-20, including the costs of wasted space and inefficiency. He was shocked when he concluded that the real annual holding cost was $32.20 per canister. Turnbull then met with Doug Kaplan, Fiber Technology's purchasing manager. Together they contacted Reno Industries, the supplier of XL-20, about a JIT purchasing arrangement. After some discussion and negotiation, Kaplan concluded that the cost of placing an order for XL-20 could be reduced to just $33.00. Using these new cost estimates, Turnbull computed the new EOQ for XL-20. a. Use the equation approach to compute the new EOQ. (Round your answer to nearest whole number.) b. How many orders will be placed per year? (Round your answer to nearest whole number.) Show less a. EOQ b. Orders per year