You are managing a company that stocks and distributes hardware.The company employs two purchasing agents who receive combined salaries of $90,000.They process six thousand purchase requests per year. Average inventory in storage is $600,000, and the total cost of running the warehouse is $200,000.You are told that the company purchases five thousand hammers per year at a cost of $5.34 per hammer.

Using the EOQ formula, how many hammers should be ordered at one time?