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A local furniture store is examining it's inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they

A local furniture store is examining it's inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they have difficulty keeping in stock. They have the following information about the table set: Annual demand: 3,920 sets Current order quantity: 80 sets Carrying cost: $80.00/set/year Cost of table: 800.00 Order cost: $200. What is the economic order quantity *(EOQ)?

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