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4. Suppose a company purchases raw material at a cost of $16 per unit. The annual demand for the raw material is 25,000 units. The

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4. Suppose a company purchases raw material at a cost of $16 per unit. The annual demand for the raw material is 25,000 units. The holding cost per unit is $6.40 and the cost of placing an order is $32. Using the tabular method determine the EOQ (start at 100 unit and calculate at every 100 units interval up to 1000 units). Explain what you noticed, graphically

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