Question: Please show all steps and fully explain. If excel spreadsheet is used show cell code. If done well I will give thumbs up! Use the

Please show all steps and fully explain. If excel spreadsheet is used show cell code. If done well I will give thumbs up!

Use the basic EOQ model to find the EOQ for a product with an annual demand of 20000 at the buyer that reports per unit holding cost of 9.5% of the cost for placing a single order. What is the EOQ?

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