Annual demand for a certain item is $20,000$ units, the purchasing cost is $$100$ per item, the holding cost is $20\%$ of the value of the item, and the order $($setup$)$ cost is $$150$ per order. What is the approximate Economic Order Quantity using the Basic EOQ model?

A$)200,000$

B$)264$

C$)713$

D$)862$

E$)548$