Question: help with working solution please, thank you!! Consider an inventory system model where the annual ordering cost is $ 25,000 per year, and the total

help with working solution please, thank you!!

Consider an inventory system model where the annual ordering cost is $ 25,000 per year, and the total annual holding cost is $80,000 per year. Suppose the current order size is 1200 units at a time. Which one of the following statements is true about the optimal order quantity (EOQ)? (Hint: Use the Economic Lot Size model illustrating the total cost and cost variation per unit time) EOQ > 1200 EOQ = 1200 We cannot make any determination with the given information EOQ

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