Smart Light uses 5,000 security cameras when installing security systems. The cost of placing an order is $150 per order

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Smart Light uses 5,000 security cameras when installing securitysystems. The cost of placing an order is $150 per order. The costof each camera is $10.50. Currently Smart places 10 orders peryear. The cost of carring each camera is $ 1.50 Required: 1.Compute the total annual carrying and ordering cost of the currentpolicy. 2. Compute the total annual carrying and ordering cost forEOQ. 3. Compute the cost savings of EOQ versus current policy 4.Suppose the currents supplier is offering to sell the cameras toSmart for $10 if smart would order 2,500 per order. Should Smarttake offer or switch to EOQ