16A-2. Can someone show me how to do this problem?

Will rate a thumb up for good response thanks so much (PLEASE CIRCLE OR HIGHLIGHT final answer thx)

Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost Annual holding cost Daily production Annual demand Desired lot size $25 per hour $12 per unit 992 units/8 hour day 25,300 (275 days each x daily demand of 92 units) 124 units (one hour of production) To obtain the desired lot size, the set-up time that should be achieved = minutes (round your response to two decimal places)