QUESTION 1 10 points Save Answer Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $37 per delivery (no matter how much is delivered) and $1.25 per gallon. Joe's annual holding cost per unit is 35 percent of the price per gallon Joe uses 250 gallons of malt per week. Assume 52 weeks per year. Round your answer to 3 digits after the decimal point. Do NOT use comma in your numeric answers. Suppose Joe orders 1000 gallons each time. His average inventory is gallons Suppose Joe orders 1500 gallons each time. He needs to place orders with his supplier each year to meet the demand exactly Joe's annual purchasing cost is Joe's annual inventory holding cost of the maitis per gallon Joe should order gallons each time to minimize the annual ordering and holding costs. The minimum ordering and holding costs can be expressed as % of the annual purchasing cost. Suppose Joe orders 2500 gallons each time he places an order. The annual ordering and holding costs will be s per gallon 1 Joe's supplier only accepts orders that are integer multiples of 1000 gallons, then Joe should order time to minimize the annual ordering and holding costs. Joe's supplier offers a 3% discount if Joe is willing to purchase 8000 gallons or more. Suppose Joe orders 8000 gallons each time to take advantage of the discount, Joe's annual inventory holding cost will be $ per gallon, and Joe's total annual cost (purchasing, ordering, and holding) will be each