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Your Bioresearch Facility orders Aardvark DNA strands each year. You need 1816 Aardvark DNA strands. Storing Aardvark DNA strands costs $3 per strand per year?

Your Bioresearch Facility orders Aardvark DNA strands each year. You need 1816 Aardvark DNA strands. Storing Aardvark DNA strands costs $3 per strand per year? Because of the detail required each order of Aardvark DNA strands costs $404 to prepare:

1) What is the optimal economic order quantity?

2) What is the total inventory cost at that level?

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