Wang Distribution has an annual demand for an airport metal detector of 1,420 units. The cost of a typical detector to Wang is $400. Carrying cost is estimated to be 19% of the unit cost, and the ordering cost is $24 per order. If Ping Wang, the owner, orders in quantities of 300 or more he can get a 4% discount on the cost of the detectors. Should Wang take the quantity discount?
What is the EOQ without the discount?