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Lowe’s Home Improvement has hired you as an operational consultant to help manage inventory for a pd Time left 0:58:32 star efficient washing machine model. Annual demand for the washing machine is constant at 2,530 unica per year. Lowe’s incurs a fixed setup cost of $1,660 each time it orders any washing machines. The annual holding cost of the washing machines is 23% of the procurement cost per unit which is $930. The lead time to receive an order is 15 days. Assume 7 days per week, 52 weeks per year, and 364 days per year. Rounding instructions Carry all calculations to 3 decimal places Enter final answers rounded to 1 decimal place, e.g. nearest tenth of a unit. a) Compute the optimal order quantity for washing machines: units. b) Compute the optimal total annual relevant cost for the washing machines (inventory cost + ordering cost): $ c) Compute the time between orders in days for the optimal policy: days. d) Compute the annual ordering cost cost of placing orders) for the optimal policy: units. Suppose that it Lowe’s orders at least 470 units, it receives an all unit quantity discount of $8 off per unit. Compute the total annual cost (ordering + holding + procurement) if Lowe’s orders exactly 470 units in each order. e) Total annual cost (holding + order + procurement) = $ In order to minimize total annual cost, should Lowe’s order the quantity you calculated in part a), 470 units, or some other quantity? Be sure to calculate and compare total annual cost for all available options. Enter the recommended order quantity f Recommended order quantity units