Return to question 1 Problem 20-15 5 points Given the following information, formulate an Inventory management system. The item is demanded 50 weeks a year Ites cost Order cast Annual holding cost (3) Annual demand Average demand $ 12.ee $215.00 27 of Iten cost 22,60 Standard deviation of weekly demand Lead time Service probability 25 per week 3 week(s) 95% per week a. Determine the order quantity and reorder point (Use Excel's NORMSINV() function to find your 2-value and then round thet z-value to 2 decimal places. Do not round any other intermediate calculations. Round your finel answers to the nearest whole number.) Answer is complete and correct. Optimal order quantity Reorder point 1.897 units 1.427 lunits b. Determine the annual holding and order costs. (Do not round any Intermediate calculations. Round your final answers to 2 decimal places.) Answer is complete and correct. Holding cost Ordering out 3 2.580.95 $ 2.56141 C. Assume a nice break of $50 per order was offered for purchase quanutes of 2.000 units per order if you took advantage of this once break, how much would you save annually? (Do not round any intermediate calculations (including number of setups per year), Round your final answer to 2 decimal places.) Annuaire