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1 3 - 7 . The East Coasters Bicycle Shop operates 3 6 4 days a year, closing only on Christmas Day. The shop pays

13-7. The East Coasters Bicycle Shop operates 364 days a year, closing only on Christmas Day. The shop pays $300 for a par- ticular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be 25% of the dollar value of inventory. The shop sells an average of 18 bikes per week. The ordering cost for each order is $250. Determine the optimal order quantity and the total minimum cost.

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