Fiber technology Inc., manufactures glass fibers in the communications industry, The company's materials and parts manager is currently revising the inventory policy for XL-20, one of the chemicals used in the production process. The chemical is purchased in 10 pound canisters for $97 each. The firm uses 4,000 canisters per year. The controller estimates that it costs $152 to place and recieve a typical order of XL-20. The annual cost of storing XL-20 is $4.20 per canister.

How many orders will be placed per year?