HW Scorer 704 Problem 16.1 Tube Problem 16.1 Question Help Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component the safety chain clip Setup labor cost $20 per hour Annual holding cost $15 per unit Dally production 992 units:/8 hour day Annual demand 46.200 (275 days each xdaly demand of 168 units) Desired lot size 124 units (one hour of production) To obtain the desired lot size, the set up time that should be achieved minuten (round your response to two decimal places) frec Istic ISLO