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Exercise 16.25 Nash Ltd. uses 2,250 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $51 per order,

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Exercise 16.25 Nash Ltd. uses 2,250 metres of fine gage brass each year. Brass wire costs $12 per metre, ordering costs are $51 per order, and carrying costs are $2.55 per metre. Currently, Nash orders 500 metres in each order. Is this the most economical order size? If not, what is the economic order quantity? How much will Nash save using the EOQ? (Round answers to 2 decimal places, e.g. 125.74.) Review Score Review Results by Study Objective Economic order quantity 223.61 metres Nash will save 68.73 || per year

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