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1. A restaurant maintains an inventory of disposable napkins. They use 45000 of these napkins annually,...

1. A restaurant maintains an inventory of disposable napkins. They use 45000 of these napkins annually, which cost $0.20 each. The holding rate is 10% annually and the fixed ordering cost is $25.
A. Calculate the optimal economic order quantity (EOQ). Show all work.
B. About how often will orders be placed (in weeks)? Show all work.
C. How many orders will be placed per year? Show all work.

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