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The annual demand for an office supply company is 24,000 units. Its costs $25.00 to place an order and the holding cost per unit per

The annual demand for an office supply company is 24,000 units. Its costs $25.00 to place an order and the holding cost per unit per year is $1.75. The company places an order on a quarterly basis. How much company will save its annual inventory cost if its order is based on Economic order quantity (EOQ)? (Show your work)

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