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A company anticipates selling 5500 units of a product at a uniform rate over the next...

A company anticipates selling 5500 units of a product at a uniform rate over the next year. When the company places an order for x units, it is charged a flat fee of $40. Carrying costs are $26 per unit per year. How many times should the company reorder each year and what should be the lot size of each order to minimize inventory costs? What is the minimum inventory cost?

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