Fenicci e Fantocca forecast demand for components to average 18 a day over a 200 day working year. Any shortages disrupt production and give very high costs. The holding cost for the component is 120,000 lire a unit a year, and the cost of placing an order is 240,000 lire an order. Find the economic order quantity, the optimal number of orders a year and the total annual cost of operating the system if the interest rate is 20% a year.