) The cost to set up for producing a standard component is approximately $300. Once set up they can produce at a rate of approximately 20 units/day (5,000 units per year) at $100 each. Annual demand is forecast at 2,000 units. If the firm uses a 30% annual rate for holding inventory: (Choose the nearest value from the given answers) Q=Squarerootof[(2DCO)/((Cc)(1d/p))]TC=D/Q(Co)+1/2 Q(1d/p)(Cc) What is the approximate length of a production run cycle in days (i.e., number of days per production cycle)? 43.3 days 32.3 days None of the above 7.8 days 25 days