Crane Plc have the following information for the inventory of a particular product: Monthly demand is 30,000 units, the order cost incurred for each order is 300, and the carrying cost per unit per annum is 2.50. Demand is consistent throughout the year.

Calculate the Economic Order Quantity for this product to the nearest unit:

2,683 units

86,400 units

9,295 units

7,200 units