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The annual demand for an item is 100 million units per year. It costs 800 to place an order and 1 per year to store

The annual demand for an item is 100 million units per year. It costs 800 to place an order and 1 per year to store an item in inventory. Assume that the company operates 365 days per year.

How many orders are placed per year?

How long is the time between placing orders?

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