Question: Can you show work and all steps Problem 3 . ( Chapter 1 2 : Storage and Handling Decisions, hint: similar to the sizing problem

Can you show work and all steps
Problem 3.(Chapter 12: Storage and Handling Decisions, hint: similar to the sizing problem example in class, see Module 3 Ch12 Part 1 on Canvas) The Acme Manufacturing Company is concerned about its warehouse needs and how they can be best met. The company produces a line of spare parts for appliances. Due to the combination of production policies and demand patterns, warehousing space requirements vary considerably throughout the year. Space requirements are kniown with a great deal of certainty because the product line satisfies a replacement market. Growth, or decline, in production and sales is not anticipated in the near future. Warehouse inventory turns at the rate of two times per month. A dollar's worth of merchandise occupies 0.1 cubic feet of warehouse space and can be stacked 10ft. high. The product density is $5 per lb. Given aisles, administrative space, and normal operating efficiency, only 40 percent of the total warehouse space is actually used for storage.
A private warehouse can be constructed and equipped for $35 per sq. ft. and can be amortized over 20 years. The cost of operation is $0.04 per 1lb of throughput. Annual fixed costs amount to $10 per sq. ft. of total space. Space may also be rented for a storage charge on inventory of $0.06 per lb per month and a handling charge of $0.05 per lb of throughput. Monthly sales rates for a typical year are as follows:
\table[[Month,Sales ($)],[Jan.,5,000,000
 Can you show work and all steps Problem 3.(Chapter 12: Storage

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