Question: 2 . EOQ HomeworkJoe Henrys machine shop uses 2 , 5 0 0 brackets during a year. These brackets are purchasedfrom a supplier 9 0

2. EOQ HomeworkJoe Henrys machine shop uses 2,500 brackets during a year. These brackets are purchasedfrom a supplier 90 miles away. The following information is provided:Annual demand 2,500 unitsHolding cost per bracket per year - $1.50Order cost per order - $18.75Lead time 2 daysWorking days per year 250 daysa) What is the EOQ?b) What is the average inventory?c) What is the optimal number of orders per year?d) What is the optimal number of days between orders?e) What is the annual total inventory cost?f) What is the total annual cost if each item costs $100?

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