The Universal Computer Company uses a newly developed A$1$ chip in the manufacturer of their tablet computers. The estimated annual demand for this chip is$12,000$ units. It is estimated that the cost to place an order is$$ $$75,$ and the holding cost for each chip is$$ $$20$ per year. The company operates $320$ days per year.

What is the cycle length$($time between$$ orders$)$ when orders are placed using the EOQ$$ quantity?

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Part $1$

A$.$

greater than $4$ days but less than or equal to $7$ days

B$.$

greater than $10$days

C$.$

greater than $7$ days but less than or equal to $10$ days

D$.$

less than $4$ days