You MUST SHOW ALL WORK to receive full credit. Please round to 2 decimal points! For Questions 1-4: Modern Lamp Company (MLC) makes unique light fixtures for upscale home dcor stores nationwide. MLC steadily uses 3,000 lampshades in production per month and operates 350 days/year. Their annual holding cost per lampshade is $5 and their ordering cost is $30 per order. MATH AREA: 1. What is the optimal order quantity of lampshade MLC should order to meet demand? (4 pts) ANSWER: 2. What is the total inventory cost (for carrying and ordering this quantity)? (2 pts) ANSWER: 3. How many times per year should MLC order? (1 pt) ANSWER: 4. How far apart should they space the orders to ensure that MLC is minimizing costs? (1 pt) ANSWER: 5: MLC's supplier has offered a quantity discount as shown in the table below. Determine the optimal quantity that should be ordered to minimize inventory costs. You must show all math and CIRCL the totals for each calculation so I can locate them easily. (8 points: TC Calculations = 6 pts, Answer = Z pts) Math: Quantity 1-499 500-2,999 3000-9,999 10,000 Unit Price 4.50 4.25 4.00 3.75 ANSWER: ORDER with corresponding cost of (this order quantity) (total cost)