Inventory System Problem Parameters Daily demand for an an inventory item is normally distributed with average value of 34 units per day The standard deviation of daily demand is 5 The item is used 365 days per year We buy the item for $60 per unit Each time we order, we incur fixed ordering costs of $125 per order Our annual carrying cost rate is 25% When we order replenishment inventory, the order lead time is 6 days The ordering policy currently being used is: Whenever inventory position falls to R = 230 units, an order is placed for Q = 680 units JPLS Using the information on the "Inventory System Problem" tab of the Exam 2 Question Parameters workbook: What is the reorder point and associated safety stock level if we want to establish a 99% service level for this item? PROVIDE YOUR ANSWER BELOW, AND CLEARLY LABEL BOTH PARTS OF YOUR FINAL ANSWER. SHOW YOUR WORK BELOW, OR IN A SEPARATE DOCUMENT UPLOADED TO Exam 2: File Submissions