The Trektronics store begins each month with 740 phasers in stock. This stock is depleted each month and reordered. The carrying cost per phaser is $26 per year and the fixed order cost is $340. (Enter your answer as directed, but do not round intermediate calculations.)
Requirement 1:
Calculate the economic order quantity. (Round your answer to 2 decimal places (e.g., 32.16).)
Economic order quantity
Requirement 2:
Calculate the optimal number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).)
Number of orders per year