Question: Demand for a popular garbage can at Ace Hardware is constant at 8,945 units per year. The holding cost is 20% of the unit purchase

Demand for a popular garbage can at Ace Hardware is constant at 8,945 units per year. The holding cost is 20% of the unit purchase price per year. Each order incurs a fixed cost of $1,925. The supplier offers a quantity discount pricing scheme according to the schedule below. Compute the optimal order quantity for Ace Hardware considering the quantity discount scheme. - Remember, you need to calculate multiple EOQ values at each price point. - Round, keep, or eliminate potential solutions, and then compare remaining candidates. Enter the total annual cost (ordering + holding + procurement) associated with the optimal order quantity. - Carry all calculations to at least 3 decimals. - Enter your final answer rounded to 1 decimal place (nearest tenth)
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