A car dealer pays $17,985 for each car purchased

A car dealer pays $17,985 for each car purchased. The annual holding rate is estimated at 25%, and the ordering cost is $7,558. The dealer is selling an average of 516 cars a year.

2.    The dealer turns to the EOQ policy.  The dealership experiences lead time of 1.2 cycles. What is the lead-time in working days (360 working days a year)?

a.    0.0968

b.    Can't answer, because the cycle is unknown

c.   The lead-time is related to the reorder point, but the reorder point is unknown.

d.    Between 34 and 35 working days.

e.    None of the above