Question 3 18 points Save As Afimis faced with the attractive situation in which it can obtain immediato delivery of an item it stocks for retail sale. The film has therefore not bothered to order the item in any wystematic way. Recently, however, profits have been squeezed don to increasing competitive pressure, and the firm has retained a management consultant to study its inventory management. The consultant has determined that the various coussociated with making an order for the item stocked are approximately 30 per order, She has also determined that the costs of carrying the item in inventory amount to approximately $20 per unit per year (primarly direct storage costs and foregone proft on investment in inventory). Demand for the Itomis reasonably constant over time, and the forecast is for 19,200 units per you. When an order is placed for the item, the entire order is immediately delivered to the form by the supplier. The firm operates 6 days a week plus a fow Sundays, or approximately 320 days por your Determine the following: DIG PL) Determine the optimal order quantity ID 8 PL] The total annual inventory cost W) 6 Pt.) Optimal number of orders per year and the order cycle time the time between orders in days)