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Lawnox, a manufacturer of lawn mowers, predicts that it will purchase 204,000 spark plugs next year, Lawnox estimates that 17,000 spark plugs will be required

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Lawnox, a manufacturer of lawn mowers, predicts that it will purchase 204,000 spark plugs next year, Lawnox estimates that 17,000 spark plugs will be required each month A supplier quotes a price of $9.00 per spark plog. The supglier aiso offers a special discount option If all 204,000 spark plugs are purchased at the start of the year, a discount of 4% off the $9.00 price wil be given. Lawnox can invest its cash at 10% per yoar. It costs Lawnox $250 to place each purchase order. Read the fecuirements. Requirement 1. What is the opportunity cost of interest forgone from purchasing all 204,000 units at the start of the year instoad of in 12 monthly purchases of 17,000 units per order? Ler's begin the calculation for the opportunity cost of intorest forgone by first determining the formala, fhen calculate the opportunity cost

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