Question: Please show all work. DO NOT USE EXCEL. 4- Sonny Lawler's law office uses EOQ models to manage their office supplies. They've been ordering ink

Please show all work. DO NOT USE EXCEL. 4- Sonny

Please show all work. DO NOT USE EXCEL.

4- Sonny Lawler's law office uses EOQ models to manage their office supplies. They've been ordering ink refills for their printers in quantities of 100 units, each $20 (i.e., price of each unit is $20). The firm estimates carrying cost at 25% of its price and that annual demand is about 1000 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? (20 points)

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