What is the optimal EOQ for the problem below? Submit your work in detail. Handwriting is also acceptable.Order quantity Unit Price 0-5000 $3.00 5001-10000 $2.96 Over 10000 $2.92 D = 120000 units/year, S = $100/lot, h = 0.2

What is the optimal EOQ for the problem below? Submit your work in detail. Handwriting is also acceptable.Order quantity Unit Price
0-5000 $3.00
5001-10000 $2.96
Over 10000 $2.92
D = 120000 units/year, S = $100/lot, h = 0.2

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