A company uses 1100 packages of fluorescent bulbs annually. It costs the company $34 to order and receive this product. The fluorescent bulbs costs $46.5 per package. The company uses a factor of 20% of the purchase price to determine the annual holding cost for this product. What is the Economic Order Quantity (EOQ)? 8043 packages 5.9 packages 4.3 packages 29.4 packages 89.7 packages