17 Your company is streamlining its inventory management systems and has evaluated its inventory purchasing using the Economic Order Quantity (EOQ) model. 5200 units are used annually. Each unit costs $500. The order cost (per order) is $145 and the carrying cost per item per year is $300. On the basis of this information it is recommended that the EOQ is 70 units per order. Unfortunately the supplier of inventory has a minimum order quantity of 100 units. How much more will it cost your company each year in total because of this supplier requirement? Show your workings.