Henry Crouch's law office has traditionally ordered ink refills

50

units at a time. The firm estimates that carrying cost is

40%

of the

$12

unit cost and that annual demand is about

235

units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal?

a) For what value of ordering cost would its action be optimal?

Its action would be optimal given an ordering cost of

$___ per order (round your response to two decimal places).