PROBLEM #2 (25 POINTS) Any answer without written procedure will not be evaluated A Company is manufacturing a product that has the following information: The demand for this product is 24,000 u/year, the production rate for this product is 36,000 u/year. The ordering cost is $ 1000. The inventory cost policy that has traditionally been used is to charge 30% of the unit production cost as the annual cost of inventory conservation. The unit acquisition cost is $ 100. The one-time cost for each missing unit is $ 1, and the cost per missing unit per year is $ 10.00. a) Determine the optimal order quantity that the company should use in order to minimize its costs and the maximum level of stock out that will be handled? b) What is the annual ordering cost? c) What is the annual inventory carrying cost? d) How many orders will be placed in three years