Allianz Company produces a specialty wood furniture product and has the following information available concerning its inventory items

Relevant ordering costs per purchase order $450

Relevant carrying costs per year for each package:

Required annual return on investment 15%

Required other costs per year $4

Annual demand is 30,000 packages per year. The purchase price per package is $48

How many deliveries will be required at the economic order quantity?

A.

15 deliveries

B.

15.50 deliveries

C.

21.21 deliveries

D.

19.32 deliveries