Problem 11-09 Algorithmic Question 7 of 13 Check My Work (1 remaining) percent. eBook Environmental considerations, material losses, and waste disposal can be included in the EoQ model to improve Inventory management decisions. Assume that the annual demand for an industrial chemical is 2,400 lb, item cost is $5/b, ordering cost is $37, and the inventory holding cost rate (percent of Item cost) is 23 a. Find the EOQ and total cost, assuming no waste disposal. Round your answer for the EOQ to the nearest whole number and round your answer for the total cost to the nearest cent. Use the rounded EOQ value in your calculations. Do not round any other intermediate calculations, Economic Order Quantity: Total cost: $ Choose the correct graph illustrating the inventory costs. The correct graph is-Select lb Inventory costs A Cost +000 1950 300 250