Using the Economic Order Quantity $($EOQ$)$ formula from the Contemporary Logistics textbook $($Ch$.8),$ calculate the EOQ in dollars using the following variables.

Annual usage $($dollars$)=$ $$3000$

Annual demand $($units$)=1250$

Administrative cost per order of placing the order $=$ $$5$

Dollar value of inventory $($per unit$)=$ $$19$

Carrying costs of the inventory $($the annual percentage of the inventory dollar value$)=25\%$