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Cheeseburger and Taco Company purchases 9,317 boxes of cheese each year. It costs $21 to place and ship each order and $8.42 per year for

Cheeseburger and Taco Company purchases 9,317 boxes of cheese each year. It costs $21 to place and ship each order and $8.42 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

Calculate Economic Order Quantity.

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