0 / 2.5 pts Incorrect Question 2 Read the problem below and then identify the type of inventory model that should be applied Farris' Steel Inc. fabricates various products from two basic inputs, bar stock and sheet stock. Bar stock is used at a steady rate of 1,000 units per year and costs $200 per bar. Sheet stock is used at a rate of 500 units per year and costs $150 per sheet. The company uses a 20 percent annual holding cost rate, and the fixed cost to place an order is $50, of which $10 is the cost of placing the purchase order and $40 is the fixed cost of a truck delivery. The plant runs 364 days per year and the lead time from the supplier is 2 weeks. Which inventory model should Farris' Steel choose to order quantities of Bar stock and Sheet stock? C. EOQ Model with finite production rate EOQ Model with order lead time EOQ Model EOQ Model for production planning with multiple products EOQ Model with quantity discounts