Answer ALL questions. (100 MARKS) QUESTION 1 (20 MARKS) 1.1 REQUIRED Use the information provided below to calculate the economic order quantity (expressed to the next whole number). (4 marks) INFORMATION Savoy Traders intends purchasing 19200 watches at R80 each in the next year. The watches will be sold for R120 each at a steady rate during the year. The cost of placing a single order for the watches amounts to R24. The inventory holding cost amounts to 10% of the unit purchase price