Using EOQ quantity in question 13, the total annual inventory holding cost plus annual ordering cost is about, a. $1,000 b. $1,414 c. $2,000 d. $2,600 15. Using EOQ quantity in 13, the company needs to place a new order about, a. Once every week b. Once every two weeks c. Once every 3 weeks d. Once every ten weeks 16. Suppose the company is using a continuous review system. Assume demand during the lead time is distributed as normal with the mean of 300 units and the standard deviation of 86 units. For a cycle service level of 99%, the reorder point quantity is about, a. 300 units b. 400 units c. 600 units d. 500 units 17. Suppose