Question: Hello, Can you please help me set this up in Excel, with formulas? Thank you for the help. P155 EOQ analysis Tiger Corporation purchases 1,400,000

Hello, Can you please help me set this up in Excel,

Hello,

Can you please help me set this up in Excel, with formulas? Thank you for the help.

with formulas? Thank you for the help. P155 EOQ analysis Tiger Corporation

P155 EOQ analysis Tiger Corporation purchases 1,400,000 units per year of one compo- nent. The fixed cost per order is $55. The annual carrying cost of the item is 27% of its $10 cost. a. Determine the EOQ if (1} the conditions stated above hold, (2) the order cost is $1 rather than $55, and {3} the order cost is $55 but the carrying cost is 30.01. b. What do your answers illustrate about the EOQ model? Explain

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