Chod Co. uses an EOQ model to determine its purchase quantities for the year. The following information is available: annual demand 25,000 units of material: cost of placing an order $50; cost of carrying the material in inventory $10 per unit. The material costs $100 per unit. Reference: Ref. 15-9 What is the number of orders that need to be placed and the annual holding cost (round to nearest whole number)? A. 159 orders $ 790 OB. 71 orders; $1,770 C. 352 orders $ 355 O D.50 orders; $2.500