Excel Online Structured Activity: 00Q with Quantity Discounts The Kuantan Corporation purchases a component from a supplier who offers quantity discounts to encourage larger order quantities. The supply chain manager of the company, Dr. Hadiyan Wijaya Ibrahim, wants to determine the optimal order quantity to ensure the total annual inventory cost is minimized, Thet. company's annual demand forecast for the item is 9,480 units, the order cost is $55 per order, and the annual holding rate is 37 percent. The price schedule for the item is: Open the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Open spreadsheet Questions 1. What is the optimal order quantity that will minimize the total annual inventory cost for this component? Round your answer to two decimal places. 8 units Optimal Order Quantify with Quantify Discounts