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Tygre Limited expects to use108,000 kg of steel in production during its next planning period.Each time a new shipment of steel is ordered, costs of

Tygre Limited expects to use108,000 kg of steel in production during its next planning period.Each time a new shipment of steel is ordered, costs of $480 are incurred. The cost of storing one kg of steel is $1.50 per month andTygre Limited has a planning period of 9 months.

Calculate the economic order quantity in kg.

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