A research and development department at a large engineering firm uses 10 packages of paper a day for sketches. Each package contains 500 sheets. The firm operates 260 days a year. Storage and handling costs for the paper are $1 per year per package, and it costs approximately $10 to order and receive a shipment of papers. (a) 1 point: What is the economic order quantity that would minimize total annual ordering and holding cost? (b) 1 point: Determine the total cost using your order quantity from part (a). (c) 1 point: Do you think that annual ordering and holding costs equal at the EOQ if rounded? (d) 1 point: You, as the office manager, are currently using an order quantity of 100 packages. The partners of the firm expect the office to be managed in a cost- efficient manner. Would you recommend that the office manager use the optimal order quantity instead of 100 packages? Justify your