Question: Economic Order Quantity (EOQ) - Demand for the Super-X HD color printer is 100 units per month. Bob's Electronics incurs a fixed order placement, transportation, and receiving cost of $500 each time an order is placed. Each printer costs Bob's Electronics $200 and the retailer has holding costs of 20%. Evaluate the number of printers that Bob's should order in each replenishment lot (the EOQ). (show answer and your work).