Pearl Inc. uses 64 kilograms of material X per year. Material X costs $35.00 per kilogram. It costs $2.00 to place an order and $4.00 per kilogram to store material X. Currently, Pearl is ordering material X in 14-kilogram batches. Is this the most economical order size? If not, what is the economic order quantity? How much will Pearl save by using the EOQ? (Round answers to 2 decimal places, e.g. 125.74.)

Economic order quantity			kilo grams
Pearl will save		$	per year