Show work please.

Arial Paste BIU A2 : X v/ fr Type Full Name in row 3 below: 30 31 32 PROBLEM 3 (5 pts) Annual demand for a particular set of drill bits is 50,000 units. Each set costs you $30. Placing an 34 order costs $200. Each unit costs $5 per year to hold. 35 a. What is the total annual cost associated with purchasing, ordering, and holding this item if you 36 order 1,000 units at a time? 37 38 39 b. Find the economic order quantity. What is the resulting total annual cost when ordering this 40 quantity? 411 42 43 c.You are able to reduce your ordering cost ton$150. How much do the EOQ and total annual cost 44 change, and in what direction? 45 46 47 48 49 PROBLEM 4 (4 pts) 50 Annual demand for a hospital bed is 1,500 units. It takes 20 days for you to replenish your inventory 51 for this item after placing an order. You keep no safety stock. 52 53 a. What is the reorder point for this item? 54 56 b. If demand during the lead time is nomally distributed, what is the probability you will stock out 57 before you receive new inventory? 58 59 60 61 Sheet1