The Rainbow Point Manufacturing Company has a varied product line. One of their products is latex paint. Rainbow can manufacture the paint at an annual rate of 8000 gallons. The unit cost to produce one gallon of paint is $0.25, and the annual inventory holding cost is 40%. Prior to each production run, clean - up and check - out operations are performed, at a cost of $25. Analyze the problem for economic production (inventory) quantity, cost, and production cycle.