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Question 16 (6 points) You purchase lubricating oil in 55 gallon drums and consume and average of 860 drums per year. Preparing an order and

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Question 16 (6 points) You purchase lubricating oil in 55 gallon drums and consume and average of 860 drums per year. Preparing an order and receiving a shipment of lubricant costs $19.0 per order. Annual carrying costs are $26 per drum. Determine the EOQ. (Keep two decimal places in your answer) Your

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