Question: Answers are correct, would just like a step by step of how to solve! The average demand for a particular part is 49 units a

Answers are correct, would just like a step by step of how to solve!

The average demand for a particular part is 49 units a day. The unit cost of the part is $47. It costs $23 to place an order, and the inventory carrying cost per unit per year is 19% of the unit cost. Assume 250 working days a year. How many orders should be placed per year in order to satisfy demand and minimize total inventory cost? Numbers only, keep 3-decimal if not exact, either round up or down is ok

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