A retailer presents the following Information regarding the Inventory management of Product G

• Regular cost: $140
• Shipments from suppliers are FOB destination
• Annual demand: 60,000 units
• Average demand per day: 167 units
• Required rate of return on Investments: 15%
• Purchase order lead time: four days
• Relevant carrying costs per year: $13,250
• Relevant ordering costs per order: $125

Required

Calculate the economic order quantity {EOQ