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A Colombian coffee shop sells its premium coffee at a constant rate of 2 8 0 pounds per year. The coffee was purchased from a

A Colombian coffee shop sells its premium coffee at a constant rate of 280 pounds per year. The coffee was purchased from a local supplier at a cost of $2.40 per pound.
The The store estimates that the cost to place the order is $45.
The storage cost is 20% annual interest.
1.1 Determine the optimal amount of premium coffee to order.
1.2 Determine the time between orders.
1.3 Determine the total annual cost of maintaining this product (including ordering cost).
1.4 If the waiting time to receive the order is three weeks, determine the delivery point.
reorder.

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