Question: Problem 14-21 (Algorithmic) Apply the EOQ model to the following quantity discount situation in which D = 470 units per year, Co = $35, and

Problem 14-21 (Algorithmic) Apply the EOQ model

Problem 14-21 (Algorithmic) Apply the EOQ model to the following quantity discount situation in which D = 470 units per year, Co = $35, and the annual holding cost rate is 30%. Discount Category 1 Order Size Discount (%) Unit Cost O to 99 12 100 or more 4 11.52 2 What order quantity do you recommend? If required, round your answer to two decimal places

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