Fish canning company production facility uses a large number of tins to pack the processed fish products. The demand for fish canning factory for canned fish is continuous, and inventory planning should be done independently of the production plan. The annual demand for fish canning factory for canned fish is 80,000. The company procures the cans from a supplier at the rate of 60 riyal per can. The company estimates the cost of carrying inventory to be 10 per cent per annum. The cost of ordering is riyal 800 per order. Calculate the economic order quantity for cans to plan the inventory.