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Cheesburger and Taco Company purchases 8,147 boxes of cheese each year. It costs $19 to place and ship each order and $3.40 per year for

Cheesburger and Taco Company purchases 8,147 boxes of cheese each year. It costs $19 to place and ship each order and $3.40 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

How many orders will be placed each year?

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