Question 2 (20 marks). The Henderson Consortium is a distributor of an Oriental Health Drink. The firm currently orders 4,000 units per month to satisfy its annual demand. The cost of placing an order is $1,500 while the Drink is stored at a cost of $4.00 each. Data pertaining to the movement of inventory was as follows a) Explain, using appropriate calculation, why this is not the most ideal ordering arrangement ( 2 marks) b. Calculate the Economic Order Quantity (EOQ) (6 marks) c. Based on the EOQ calculation in (b) above, show the following i. total ordering cost ii. total holding cost iii. the amount saved in comparison to the former ordering arrangement (6 marks) d) Using the EOQ ordering system, determine: i. the Reorder Level ii. the maximum level iii. the minimum level (6 marks)