A company purchases wood for use in its bespoke products. The company uses 700 pounds of wood per week and buys wood for $2.5 per pound from a supplier. The cost to hold 1 pound of wood in inventory for 1 year is $0.5. Each time the company orders wood from the supplier, the company must pay a $63 order processing charge/fee. ************ Assume there are 52 weeks in a year and round your answer to the nearest integer value. What is the optimal order quantity (in pounds)? pounds

Transcribed image text: A company purchases wood for use in its bespoke products. The company uses 700 pounds of wood per week and buys wood for $2.5 per pound from a supplier. The cost to hold 1 pound of wood in inventory for 1 year is $0.5. Each time the company orders wood from the supplier, the company must pay a $63 order processing charge/fee. Assume there are 52 weeks in a year and round your answer to the nearest integer value. What is the optimal order quantity (in pounds)? pounds