The demand for a popular wireless router sold at Data Depot is constant at a rate of 6712 units per year. Data Depot incurs a cost of $1256 each time it places an order regardless of the number of units ordered. The per unit holding is 24% of the unit purchase price per year. The supplier offers a quantity discount pricing scheme such that the cost per unit is $56.12 if Data Depot orders less than 1600 units and $42 if the Data Depot orders at least 1600 units.

First derive the optimal order quantity under the quantity discount scheme.

Use the EOQ formula to find the optimal quantity for each price point, then check if that quantity is within the given range for that price point, and then round up, round down, or eliminate that quantity to find a candidate order quantity in that price range.Compare all the remaining candidates using the total annual cost.

Once you determine the optimal order quantity (taking into account all possible price points), enter the associated optimal total annual cost (ordering + holding + procurement) for this optimal order quantity.Rounding instructions. Carry all calculations to at least 3 decimal places. Enter your final answer rounded to the nearest tenth of a dollar