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Demand for a large retailer of popular books is constant at 3 2 , 0 0 0 books per year. The cost of placing an

Demand for a large retailer of popular books is constant at 32,000 books per year. The cost of placing an order to replenish stock is $10, and the annual cost of holding is $4 per book. Stock is received 5 working days after an order has been placed. No backordering is allowed. Assume 300 working days a year.

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