Please help with this!

Use this sheet as your cover sheet. Staple your calculations and answer behind this sheet. Note that this is an individual assignment and you should not share your calculations or answers with other students. You are responsible for the inventory plan for a new product at a retail store and need th determine an appropriate service level based upon risks (costs) and benefits (revenues and profits). You buy the product for $6.57 per box and sell it at $6.97. You estimate that the yearly sales for the item is 135,000 boxes and your standard deviation of demand is 435 cases for the two week lead time. You also estimate that your yearly inventory carrying cost is 32%. After surveying several senior officials, you have determined that there is an estimated 0.3% change in revenue for every 1% change in the service level. [1] What technique do you use to estimate the service level for this product? Show all calculations for this work. [2] From this information, what service level would you recomment the product? [3] In one or two sentences, explain why this your recommended ser level. [4] Explain your decision to your boss. Be sure to use terms that can be explained and understood by managers without a supply chain management background. Be sure to include any weaknesses and strengths (at least two of each) in the analysis technique