Question: IM . 0 4 Joe Henry's machine shop uses 2 , 2 5 0 brackets during the course of a year. These brackets are purchased

IM.04 Joe Henry's machine shop uses 2,250 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:
Annual demand: 2,250
Holding cost per bracket per year: 1.25
Order cost per order: 18.75
Lead time: 3
Working days per year 255
Given the above information, what would be the economic order quantity (EOQ)?(round to two decimal points)

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