Teal Inc. uses 49 kilograms of material X per year. Material X costs $35.00 per kilogram. It costs $1.10 to place an order and $2.20 per kilogram to store material X. Currently, Teal is ordering material X in 10-kilogram batches. Is this the most economical order size? If not, what is the economic order quantity? How much will Teal save by using the EOQ?(Round answers to 2 decimal places, e.g. 125.74.)

Tealwill save ? (per year)