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A raw material has a cost of $25/ton, Annual demand is $1,000,000 tons. Each time the firm places an order, it costs them $750 extra.

A raw material has a cost of $25/ton, Annual demand is $1,000,000 tons. Each time the firm places an order, it costs them $750 extra. The annual carring costs is 40% of the raw material cost. How many orders should the firm place per year?

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