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The EastCoasters Bicycle Shop pays $ 5 0 0 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated

The EastCoasters Bicycle Shop pays $500 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle is estimated to be 25% of the dollar value of inventory. The shop sells 25 bikes per week. The ordering cost for each order is $350. Determine the optimal order quantity. A year has 52 weeks. Choose the closest option.
Select one:
a.
86.34
b.
78.41
c.
72.89
d.
None of the choices
e.
80.72
f.
76.93
g.
91.37
h.
85.32

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