Binda company has determined that the cost to place an order for an item of material inventory is birr 20 and the annual cost to carry this item in this item in inventory is birr 3.5 per year. 200,000 units of material are required for production each year and 650 units are issued to the production every day. The company takes 25 days to recieve an order from a supplier. Assume that the company wants to have at least 8750 units on hand at all times, what is the EOQ?