Question 19 (8 points) A company uses 440 packages of 1/4-20, 1 inch machine screws annually. It costs the company $34 to order and receive this product. The machine screws cost $6.55 per package. The company uses a factor of 16% of the purchase price to determine the annual holding cost for this product. What is the Economic Order Quantity (EOQ)? 26.4 packages 169 packages 0.9 packages 28,549 packages 165.1 packages