Reposting this question because the same one asked previouly had a thumbs down and so I assume the answer is wrong. See

[answerhappygod]

Reposting this question because the same one asked previouly hada thumbs down and so I assume the answer is wrong. Seescreenshot.
Problem 10-07 (Algorithmic)
A large distributor of oil-well drilling equipment operated overthe past two years with EOQ policies based on an annual holdingcost rate of 28%. Under the EOQ policy, a particular product hasbeen ordered with a Q* = 120. A recentevaluation of holding costs shows that because of an increase inthe interest rate associated with bank loans, the annual holdingcost rate should be 31%.
Problem 10-07 (Algorithmic) A large distributor of oil-well drilling equipment operated over the past two years with EOQ policies based on an annual holding cost rate of 28%. Under the EOQ policy, a particular product has been ordered with a Q* = 120. A recent evaluation of holding costs shows that because of an increase in the interest rate associated with bank loans, the annual holding cost rate should be 31%. a. Develop a general expression showing how the economic order quantity changes when the annual holding cost rate is changed from I to I'. Choose the correct answer below. (iii) I Q== Q* ID Q== √√ (iv) Qa= I ID I -Q* b. Using the formula you derived in part a, compute the new economic order quantity for the product. Round your answer to the nearest whole number. The revised order quantity Q* for the new carrying charge I' is, Q' = 144