Extra Credit Question: (Maximum Point: 5)   A company’s annu…

Extra Credit Question: (Maximum Point: 5)   A company’s annual demand for a product is 8,000 units, and each unit costs $25. The inventory carrying cost is 25% of the unit cost, and the ordering cost per order is $40. The formula for EOQ is: Q=2ARCWQ = \sqrt{\frac{2AR}{CW}}Q=CW2AR​​ Where: Q = Economic Order Quantity A = Annual Demand R = Ordering Cost per order C = Unit Cost W = Inventory Holding Cost as a percentage of unit cost Questions: What is the Economic Order Quantity (EOQ)? Please explain the factors that can influence Economic Order Quantity If inventory holding costs decrease, what will happen to the EOQ? Will it increase, decrease, or remain the same?