Question: For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model was 1,818 units and the corresponding total annual inventory cost was

For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model was 1,818 units and the corresponding total annual inventory cost was $14,800. What is the inventory carrying cost per unit per year for this item? Show in detail ALL your steps and calculations to reach your answer

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