The Universal Computer Company uses a newly developed A$1$ chip in the manufacture 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 economic order quantity for the A$1$ chip?

less than or equal to $200$ units

greater than $200$ units but less than or equal to $250$ units

greater than $250$ units but less than or equal to $300$ units

greater than $300$ units