$20-16$ EOO for retailer. Fan Base $($rD$)$ operates a megastore reaturing sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its soccer jerseys product line. This is a highly popular item. Data for the year areExpected annual demand for soccer jerseys$20,000$Ordering cost per purchase order$$200$Carrying cost per year$ $8$ per jerseyEach jersey costs FB $$40$ and sells for $$80.$ The $$8$ carrying cost per jersey per year comprises the required return on investment of $$4\mathrm{.}80(=12\%$ of $$40$ purchase price$)$ plus $$3\mathrm{.}20$ in relevant insurance, han$-$dling, and theft$-$related costs. The purchasing lead time is $7$ days. FB is open $365$ days a year.Required$1.$ Calculate the E$0$Q$\mathrm{.}2.$ Calculate the number of orders that will be placed each year$\mathrm{.}2$ Calculate the reorder point.