PLEASE CAN SOMEONE HELP BY using Excel!! EVERYONE HAS BEEN WRONG SO FAR I BELIEVE BECAUSE THEY ARE DOING IT ON PAPER

JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts. The facility operates 340 days per year and has annual demand of 67,000 bumpers. They can produce up to 315 bumpers each day. It costs $88 to set up the production line to produce bumpers. The cost of each bumper is $107 and annual holding costs are $21 per unit. Setup labor cost is $27 per hour.

Suppose the customer (an auto manufacturer) wants to purchase in lots of 500 and that Bob's Bumpers is able to reduce setup costs to the point where 500 is now the optimal production run quantity. How much will they save in annual holding costs with this new lower production quantity? (Display your answer to two decimal places.)

How much will they save in annual setup costs with this new lower production quantity? (Display your answer to two decimal places.)