Answer the following questions using the information below: The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order $300 Relevant carrying costs per year: Required annual return on investment 10% Required other costs per year $2.80 Annual demand is 20,000 packages per year. The purchase price per package is $32. What is the economic order quantity? How many deliveries will be required at the economic order quantity?