Question: Problem 2 (30 points). Smith irrigation company has summarized the price list from her supplier of an underground control valve. Note that the prices are

Problem 2 (30 points). Smith irrigation company

Problem 2 (30 points). Smith irrigation company has summarized the price list from her supplier of an underground control valve. Note that the prices are different depending on the order volume. Annual usage is 2,400 valve; order cost is $10 per order, and annual inventory holding costs are $3.33 per unit. What order quantity is best if Smith irrigation wants to minimize total cost? Show the total costs of all the feasible solutions. Or no credit will be given. Quantity 1-99 Prices $34.50 33.75 100-199 200-399 32.50 400+ 31.10

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