2) Answer the questions below using the following information for a firm that operates 365 days/year. Annual Demand =980 units Order Cost =$320.00 per order Holding Cost =$0.00 per unit per year Unit Cost =$650.00 per unit Delivery Lead Time =8 days 2a) What is the economic order quantity (EOQ)? 2b) What is the annual total cost of the item purchased (i.e., total invoice or purchase cost)? 2c) What is the annual holding cost? 2d) What is the annual ordering cost? 2e) What is the total annual inventory cost? 2f) What is the average cycle inventory? 2g ) What is the reorder point? 2h) What is the number of orders per year? 2i) What is the time between orders? 3) Every day Yummy Piz, a small but popular specialty pizza delivery service, delivers 5 pizzas to customers' homes. The company operates 365 days a year. Yummy purchases customized pizza boxes for $0.60 a box from a local distributor of restaurant carry-out supplies named Pogos-2-Go. Yummy Piz's manager calculated the labor and processing cost of placing an order of pizza boxes with Pogos2Go is $14.50 and the annual cost of holding one pizza box in inventory is 30% of its purchase price. Once Yummy Piz placed an order, it takes Pogos-2-Go 7 days to deliver the pizza boxes. If Yummy Piz wants to minimize total annual inventory costs, i.e., the sum of holding and ordering costs, for its pizza boxes