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per order, and the annual holding rate is 26 percent. The price schedule for the item is: Open the spreadsheet and perform the required analysis

image text in transcribed per order, and the annual holding rate is 26 percent. The price schedule for the item is: Open the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Open spreadsheet Questions 1. What is the optimal order quantity that will minimize the total annual inventory cost for this component? Round your answer to two decimal places. units 2. What is the minimum total annual inventory cost? Round your answer to the nearest cent

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