Focus Retail Inc. has projected to sell 4 000 000 bottles of a popular brand of South African wine during the 2022 financial year. It costs Focus Retail Inc. R1 000 to place an order. Focus Retail Inc. purchases each bottle of the wine for R100 and the carrying cost per bottle of wine is R1.40 per year. The consignment of the wine is received at Focus Retails distribution centre 3 days after the placement of an order.

4.2.1 Determine the economic order quantity of the bottles of wine. (6 marks)