Hint(s) Check My Work LO Spreadsheet Environmental considerations, material losses, and waste disposal can be included in the EOQ model to improve inventory management decisions. Assume that the annual demand for an industrial chemical is 2,500 lb, iter cost is $2/1b, order cost is $38, inventory holding cost rate (percent of item cost)is 18 percent. Use the EOQ Model Excel template in MindTap to answer the following: a. Find the EOQ and total cost, assuming no waste disposal. Do not found intermediate calculations. Round your answer for the EOQ to the nearest whole number and for the total cost to the nearest cent. Economic Order Quantity: 726b Total cost: $ 5,150 Choose the correct graph illustrating the inventory costs: The correct graph is graph A Inventory costs Cost : CA