Question: Please solve the problem and show your work. Do NOT use Excel 4. Aggieland car rental has an annual demand of 9 cars per week

Please solve the problem and show your work. Do NOT use Excel

Please solve the problem and show your work. Do

4. Aggieland car rental has an annual demand of 9 cars per week (468 annually). The fixed cost for ordering cars is $5,000, and the cost of cars is $30,000 per car. The cost of capital is 12% annually and the cost of storage is 0.19% weekly. Using the EOQ model. a. What is the optimal size of the order for cars? (1 point)| b. What's the cycle time in days? (1 point)

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