Question $18(10$ points$)$

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Jony furniture store examines its inventory policy and considers using an economic order quantity $($EOQ$)$ approach. They have the following information about a table set:

$[$Annual demand,$6,000$ sets$],[$Current order quantity,$500$ sets$],[$Carrying cost$,$$$15\mathrm{.}00/$ set$/$year$],[$Order cost$,$$$450$