Given the following information, formulate an inventory management system.
The item is demanded 50 weeks a year.
	Item cost $10.00
	Order cost $250.00
	Annual holding cost(%) 33% of item cost
	Annual demand 25,750
	Average demand 515 per week
a. State the economic order quantity.
b. Determine the annual holding and order costs.
c. If a price break of $50 per order was offered for purchase quanitities of over 2,000
would you take advantage of it? How much would you save annually?