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)+1/2Q(1d/p)(Cc) What is the level of inventory (i.e., inventory rate - the proportion of production that goes into inventory)? \begin{tabular}{|l|} \hline 0.6 \\ \hline 0.75 \\ \hline 0.25 \\ \hline \end{tabular} None of the above 0.4