Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 50 cases. Assume Millennium Liquors operates 52 weeks in a year. Millennium purchases each case for $100, there is a $260 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 20 percent. If Millennium is restricted to ordering in multiples of 100 cases (e.g., 100, 200, 300, etc.), how many cases should it order to minimize its annual ordering and holding costs? (round to the nearest integer)

Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 50 cases. Assume Millennium Liquors operates 52 weeks in a year. Millennium purchases each case for $100, there is a $260 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 20 percent. If Millennium is restricted to ordering in multiples of 100 cases (e.g.. 100, 200, 300, etc), how many cases should it order to minimize its annual ordering and holding costs? (round to the nearest integer)