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Cheeseburger and Taco Company purchases 11,176 boxes of cheese each year. It costs $28 to place and ship each order and $9.96 per year for

Cheeseburger and Taco Company purchases 11,176 boxes of cheese each year. It costs $28 to place and ship each order and $9.96 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

What is the average inventory held during the year?

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