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$)=$$$2000$

Annual demand $($units$)=2500$

Administrative cost per order of placing the order $=$$$50$

Dollar value of inventory $($per unit$)=$$$12$

Carrying costs of the inventory $($the annual percentage of the inventory dollar value$)=10\%$