The new CEO of Famous Butter Made Cookies (FBMC) directs you to create a new fixed-order quantity model. Given the following information, what is the reorder point for this new model? The predicted demand for a one month (30 day) planning horizon is 120,000 cookies. You know that the holding cost is $0.25 per cookie per day. The ordering cost is $12,500 per order. The lead time to bake cookies is 1 day, the average daily demand is 4,000 cookies and the variance of daily demand for cookies equals 100,000. The desired service level is 99.997%. Assume that 20,000 cookies are currently in stock.