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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

The Universal Computer Company uses a newly developed A1 chip in the manufacturer of their tablet computers. The estimated annual demand for this chip is12,000 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.
How many times per year must the Universal Computer Company order the A1 chip when orders are placed using the EOQ quantity?

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