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Fan Shop (FS) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its soccer jerseys product line. This is a highly popular item. Data for 2018 are: Click the icon to view the information.) Each jersey costs FS $42 and sells for $85. The $9 carrying cost per jersey per year comprises the required return on investment of $5.04 ( = 12% of $42 purchase price) plus $3.96 in relevant insurance, handling, and theft-related costs. The purchasing lead time is 7 days. FS is open 336 days a year. Required Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D = Demand in units for one year, P = Ordering cost per purchase order, C = Carrying cost of one unit in stock, Q = Any order quantity)