Question 3- Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 50 weeks in a year. (present the details of calculations) - Demand =50000 units per year - Ordering cost =$35 per order - Holding cost =$2 per unit per year - Lead time =3 weeks - Standard deviation of weekly demand =125 units 1. What is the economic order quantity for this item? 2. If Petromax wants to provide a 90 percent cycle-service level, what should be the safety stock and the reorder point