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6 Points Question 1 A company has a chance to reduce their inventory ordering cost by placing larger quantity orders using the price-break order quantity schedule below. What should their optimal order quantity be if this company purchases this single inventory item with an email ordering cost of $5, a carrying cost rate of 3% of the inventory cost of the item, and an annual demand of 10,000 units? Price/ unit (5) Ordering Quantity (Units) 1.20 0 to 1,499 0.99 1,500 to 2,999 0.96 3,000 or more and what is the total cost under this optimal order quantity? Use the editor to format your answer