Your uncle has a fish ball stall in Mongkok and its business has been very good since it started three years ago. Although the business is making a profit, there is an inventory problem that has been bothering your uncle for a while. As requested by your uncle, you have gathered the following information regarding the current inventory situation of fish ball. Assuming 30 days in a month and 12 months in a year in your calculation. The stall consumes 50,000 fish balls every month The carrying cost is $36 per bag, each bag contains 150 fish balls Ordering cost is $180 per order Order must be placed in round lots of 12 bags (1 dozen) Answer the following questions: (a) Apply the principles of economic-order quantity (EOQ) model to determine the optimal order quantity and the annual total inventory cost for the business. (b) Your uncle also concerns the following two situations that may impact his fish ball inventory: i. decrease in ordering cost, all else remain unchanged ii. Inflation Based on the EOQ model and other aspects in inventory management, critically provide your analysis to your uncle