A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 pounds annually. The beans are purchased from a local supplier for $2.40 per pound. The coffeehouse estimates that it costs $35 in paperwork and labor to place an order for the coffee, and holding costs are based on a 20 percent annual interest rate. How many orders per year are placed based on economic order quantity? a. None of the above b. 4.086 C. 2.286 d. 1.386 e. 3.186