Table 1 Jackson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per year and has the following characteristics for an item: Demand = 20,000 units/year Ordering cost = $45/order Inventory-carrying cost as a percent of item value = 25% Item (Unit) value = $20 Lead time = 5 weeks Standard deviation in weekly demand = 125 units Using the information in Table 1, calculate the economic order quantity (EOQ) for this item? O Less than or equal to 500 units U Greater than 500 units but less than or equal to 1,000 units u Greater than 1,000 units but less than or equal to 1,500 units O Greater than 1,500 units