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The Wardrobe Home estimated that they will require 28,000 wardrobes over the next year. Administrative and other costs associated with placing an order are estimated to be $15 per order. The Wardrobe Home uses a rate of 24% per year for calculating inventory holding costs. The Wardrobe Home encourages its customers to order in large quantities by offering a price break on volume. The price per wardrobe depends on the order quantity as follows: Price per wardrobe 30 Order Size 0-299 300 - 749 750+ 28 26 a. b. Determine the optimal order quantity for this item. On average, how many orders will The Wardrobe Home place per year? If the lead-time is two weeks, what is the reorder point? c