Question 3-EOQ with Quantity Discounts (20 points) A company has the following price schedule for its product. The incremental discount schedule is given below. The demand rate is 650 per year. The fixed cost of placing an order is $10 and the holding costs are based on a 20% annual interest rate. What is the optimal order quantity for this item? c0=$0.40for[0,500)c1=$0.39for[500,1000)c2=$0.38for[1000,infinity)