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AIA Inc. is looking to manage its cash position using the EOQ model. The company is consuming cash at the rate of $ 5100 per

AIA Inc. is looking to manage its cash position using the EOQ model. The company is consuming cash at the rate of $5100per day, and is open for business 365 days in the year. Each time the firm sells securities to obtain the cash, it costs them $190. If the interest rate is2.20%, what is the optimal order amount according to the EOQ?

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