Annual demand for an item is 35,000 units. The holding cost rate is 15% of the item cost. Ordering costs are $25 per order. Quantity discounts are available according to the schedule below:
Quantity Price per Unit ($)
1-99 80.00
100-299 79.50
300-399 79.25
400+ 79.00
Assume 52 5-day weeks per year. If the lead-time is 1 week, what should the reorder point be? If necessary, round your final answer UP to the nearest whole number.