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A tea producing company has a uniform annual demand for 10,000 tons whole roasted coffee beans per year. It costs $40 to store one ton
A tea producing company has a uniform annual demand for 10,000 tons whole roasted coffee beans per year. It costs $40 to store one ton of roasted coffee beans for one year and $3000 to set up the manufacturing plant for the production of their coffee beans. How many times a year should the company produce its roasted coffee beans in order to minimize the total storage and setup costs? Round your answer to the nearest integer.
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