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A company needs 450,000 items per year. It costs the company $2,160 to prepare a production...

A company needs 450,000 items per year. It costs the company $2,160 to prepare a production run of these items and $16 to produce each item. If it also costs the company $1.50 per year for each item stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. (Answer must be an exact number)

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