Problem 20-30 It is your responsibility, as the new head of the automotive section of Nichols Department Store, to ensure that reorder quantities for the various items have been correctly established. You decide to test one Item and choose Michelintires XW size 18514 85W. A perpetual inventory system has been used, so you cxamine this as well as other records and come up with the following data Cost per time Holding so Demand bedring cost standard deviation of daily demand 25 eachi 20 percent of time cost per year 1 200 per year 34 per ceder Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 99 percent. Assume te demand occurs 365 days per year. a. Determine the order quantity (Round your answer to the nearest Whole number b. Determine the reader point. (Uccel's NORMSINVO function to find the correct critical value for the envil Darat und intermediate calculator Round value to 2 decimal places and final answer to the nearest