I 2d IAccording to the "Finding the EOQ" chart, answer the following based on where the tw # of Orders placed annually Annual Ordering Cost Annual Holding Cost EOQ (Annual Demand/# of Orders placed annually -Economic Order Quantity Formula 2 EOQ =Q' = Use the EOQ formula to calculate the EOQ Use the Excel SQRT function to calculate the square root part of the equation This concept works for any two items that are a relative function of each other. Buying groceries. The more you drive around the more you save, but the higher your transportati D = Demand (annual) Q = Order Quantity Co = Cost of Ordering Ch = Cost of Holding: the cost of holding one item in inventory # of Orders per year = D/EOQ Average inventory Level = Order Quantity/ 2 Annual Cost of Ordering (Co) = (Annual # of orders placed)*C-o Annual Cost of Holding (Ch) = (Average lnventory)*C-h 0 Average Inventory