Millennium Liquors Wholesaler Sparkling Wines Popular Product French Bete Noire Shipped Di Q34321531

Millennium Liquors is a wholesaler ofsparkling wines. Their most popular product is the French BeteNoire which is shipped directly from France. Weekly demand is for50 cases. Millennium purchases each case for $100, there is a $275fixed cost for each order (independent of the quantity ordered) andtheir annual holding cost is 15 percent.a.What order quantity minimizesMillennium’s annual ordering and holding costs?casesb.If Millennium chooses to order 250cases each time, what is the sum of their annual ordering andholding costs?(Round your answer to 2 decimalplaces.)c.If Millennium chooses to order 75 caseseach time, what is the sum of the ordering and holding costsincurred by

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