Graded Assignment $1$: Gold Mit Seals There is a retailer called "The Coop", which carries a wide variety of products with MIT's name and logo: shirts, caps, keychains, pens... you name it$!$ Anything from golf balls and teddy bears to pocket protectors and jewelry. With a store inside MIT's Student Center, and another one in the popular Kendall Square, across the street from MIT campus, The Coop is a favorite stop for casual MIT visitors, current students and their relatives, and nostalgic alumni. The Coop carries a line of products that feature MIT's official seal cast in a jewelry$-$grade steel. The same seal $($about the size of a coin$)$ is used in multiple finished goods, such as necklaces, tie pins, cufflinks, and paperweights. The Coop is considering introducing in $2018$ a new line of products featuring MIT's seal cast in $18$ karat gold. These seals would be used in upscale jewelry, and as an ornament in the diploma frames that sell especially during commencement season. Part $00$ points possible $($ungraded$)$ Based on their experience with similar products in the past, The Coop has projected the following demand for gold MIT seals for each month of $2018.$ January February March April $2661210$ May June July August $401103628$ September October November December $12102050$ The setup cost is $823\mathrm{.}5$$ and the holding cost is $6\mathrm{.}1$$ What is the total cost $($e$.$g$.$ the sum of set$-$up costs and holding costs$)$ of producing the gold seals using a Silver$-$Meal algorithm? Part $80\mathrm{.}0/1\mathrm{.}0$ point $($graded$)$ What is the total cost $($e$.$g$.$ the sum of set$-$up costs and holding costs$)$ of producing the gold seals using an optimal solution? Enter your answer in dollars, without currency symbol, rounded to one decimal place. For example, if the cost is $$1,234\mathrm{.}56$ then type $1234\mathrm{.}6$ as your answer.