ANSWER EITHER QUESTION THREE OR QUESTION FOUR FROM THIS SECTION: YOU MUST ANSWER ALL PARTS OF THE QUESTION SELECTED QUESTION 3 ABC Ltd, a car manufacturer, aims to produce and sell high-quality cars at reasonable prices but is currently concerned about the storage cost of an engine-related part called UK10, which includes insurance, interest, and space cost. This automotive part is purchased from an outsider supplier semi-annually. The data related to UK10 are as follows. annual usage quantity 12,000 units minimum order quantity 1,000 units cost per unit 3 UK10 is replenished instantly and depleted evenly throughout the year. On average, half of the amount purchased is held in inventory. The cost of storage is 20% of the purchase price. The cost of placing and receiving an order is estimated at 20 per order