LEE is attempting to perform an inventory analysis on one of the most popular products. The annual demand for this product is 5,000 units; the unit cost is $150; the carrying cost is considered to be approximately 20% of the unit price. Ordering costs for the company typically run nearly $50 per order and lead time averages 10 days. (Assume 250 working days during the year) Formula: QTC=Squarerootof[(2DCo)/(Cc)]=D/Q(Co)+1/2Q(Cc) What is the number of days per each order cycle (i.e., the time interval between each order cycle)? (Find the nearest value) 6.5 days 129.1 days None of the above 10 days 38.7 days Question 11 7 pts The cost to set up for producing a standard component is approximately $300. Once set up they can produce at a rate of approximately 20 units/day (5,000 units per year) at $100 each. Annual demand is forecast at 2,000 units. If the firm uses a 30% annual rate for holding inventory: (Choose the nearest value from the given answers)