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A Focal Firm has an annual requirement of 3,600 units of a component a year

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A Focal Firm has an annual requirement of 3,600 units of a component a year. With Ordering costs of $15 per order, and carrying costs per unit are 40 percent of the purchase price when purchase price is of $1 each and lead time of 30 days. Determine the Economic order quantity of components to order. 

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  1. The EOQ in units. 

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