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) 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) d/p) (Cc) Q=Squarerootof[(2DCo)/((Cc)(1d/p))]TC=D/Q(Co)+1/2Q(1- What is the approximate length of a production run cycle in days (i.e., number of days per production cycle)? Q=Squarerootof[(2DC0)/((Cc)(1d/p))]TC=D/Q(C0)+1/2Q(1 d/p)(Cc) What is the approximate length of a production run cycle in days (i.e., number of days per production cycle)? 25 days None of the above 7.8 days 43.3 days 32.3 days