e Problem 16.1 Question Help Carol Caglo han a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component tot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost $20 per hour Annual holding cost $13 per unit Daily production 960 units/hour day Flas Annual demand 42,000 (250 days each x daily demand of 168 units) Desired lot size 120 units (one hour of production) Lea To obtain the desired lok szo, the set up time that should be achieved - minuten (round your response to two decimal placan) Writ Spe Test