Question: 1 Working with the (Q, R) Model A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular

1 Working with the (Q, R) Model A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshe indoor paint, historical data shows the distribution of annual demand is approximately norma with a mean of 468 cans and variance of 1872, expressed as X N (468, 1872). Replenishmen lead time for this paint is about 14 weeks. Each can of paint costs the store $6. The fixed cost replenishment is $45 per order and holding costs are based on a 20% annual interest rate. N What is the annual inventory cost IC under the EOQ? O a $805.46 O b. $429.16 Oc. $224.82 Od $653.44

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