Question: please show step by step process (show work) so I can learn. Thank you Sally estimated that they will require 15,000 wardrobes over the next

please show step by step process (show work) so I can learn. Thank you

Sally estimated that they will require 15,000 wardrobes over the next year. Administrative and other costs associated with placing an order are estimated to be $11 per order. Sally uses a rate of 14% per year for calculating inventory holding costs. Sally encourages customers to order in large quantities by offering a price break on volume. The price per wardrobe depends on the order quantity as follows: Order Size 0-399 400 - 749 750+ Price per wardrobe 30 28 26 a. . b. Determine the optimal order quantity for this item. On average, how many orders will Sally place per year? If the lead-time is two weeks, what is the reorder point? c

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