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Tool Mart sells 1 , 4 0 0 electronic water pumps every year. These pumps cost $ 5 4 . 3 0 each. If annual

Tool Mart sells

1, 400

electronic water pumps every year. These pumps cost $

54.30

each. If annual inventory carrying costs are

12 %

and the cost of placing an order is $

90,

what is the optimal ordering frequency?

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