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Question 37 Not yet answered Marked out of 2.00 Flag question A firm requires a certain type of raw material on a continued basis in its manufacturing process. The following information is available in respect of this raw material: Average lead-time 12 month Cost of placing an order N$250 Maximum requirements per week 450 units Minimum requirements per week 300 units Annual operating/ working weeks 48 weeks Annual storage cost per unit N$100.00 Calculate the economic order quantity (EOQ)