(Answered) : 10 1S0 points value: PA 12-1 Millennium Liquors is a wholesaler… Millennium Liquors is a wholesaler of sparkling wines. Their mo

10 1S0 points value: PA 12-1 Millennium Liquors is a wholesaler… Millennium Liquors is a wholesaler of sparkling wines. Their most popular product is the French Bete Noire which is shipped directly from France. Weekly demand is for 50 cases. Millennium purchases each case for $115, there is a $325 fixed cost for each order (independent of the quantity ordered) and their annual holding cost is 20 percent. What order quantity minimizes Millennium’s annual ordering and holding a. costs? cases If Millennium chooses to order 250 cases each time, what is the sum of their annual ordering and holding costs?