Please solve for total annual inventory cost for product

A company produces item Y, and uses the basic EOQ model for managing its inventory. Lead time to obtain item Yis two weeks. Demand is normally distributed with a mean of 500 units per week and a standard deviation of 40 units per week. The desired service level is 99%. The ordering cost is $12, and carrying cost is 20% of the items cost, which is $10. Determine the total annual inventory cost for product V. Include the item cost in your calculations. (Assume 52 weeks of operation per year.) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT TT Paragraph Ariel 43 (12pt) T i 3 X DOO ' . 's fx Mashups - Tu III - HTML CSS Path:p Word