You own a toy store. After Toys"R"Us announcing bankruptcy, you realize you need to be more careful with inventory management for the survival of your business. You purchase the most popular toy in your store, "Baby Octopus," from a local manufacturer and the toy has the following characteristics: - Average annual sales=800 octopi - Ordering cost=\$49 per order - Carrying cost =20% per year - Item cost=\$40 per octopus a) What is the optimal order quantity? Round up the order quantity to the nearest integer. [Hint: Remember to match the time scale in your calculation!] (1 point) Formula: EOQ=H2DS b) What is the total cost per year if the EOQ quantity is ordered? Round to one decimal. (2 points) Formula: Total annual cost = annual holding cost(2QH)+ annual ordering cost(QDs)+ annual purchasing cost (PD) c) Your supplier offers a 2\% discount if you place an order every two weeks (assume a year =50 weeks). What is the total annual cost if you decide to accept the offer? (2 points) Formula: Total annual cost = annual holding cost(2QH)+ annual ordering cost(QDs)+ annual purchasing cost (PD)