Question 3 (1 point) A retailer needs to purchase a certain product from a wholesaler to sell at its retail locations. Assume the price of a product at the wholesaler is $1,000, and the annual holding cost is 25% of its value. Annual demand is 11512 units, and the order cost is $130 per order. By using the EOQ model, calculate the time interval between orders in a year. Assume a year has 300 working days. Note: 1- Only round your final answer. 2- Round you final answer to the nearest integer. Your Answer: Answer Question 4 (1 point) A product has demand of 4000 units per year. Ordering cost is $20 and holding cost is $4 per unit per year. If the EOQ model is used to determine the optimal order quantity, what will be the total annual inventory cost associated with this product (not including the purchase cost)? Note: Fill in the blank from the following options. O $2100 O $400 $1200 O $800 Question 5 (1 point) According to the ABC classification in inventory management, Class A Items should be the most tightly controlled class as they are associated with the highest inventory value. True False