El Computer produces its multimedia notebook computer on a production line that has an annual capacity of $16,000$ units. EL Computer estimates the annual demand for this model at $6000$ units. The cost to set up the production runs of $500$ notebook computers each month. What is the optimal production lot size? How many production runs should be made each year? What is the recommended cycle time? Would you recommend changing the current production lot size policy from the monthly $500-$unit production runs? Why or why not? What is the projected savings of your recommendation?