Given the following information about a product, at Michael Gibson's firm, what is the appropriate setup time? Setup labor cost $45.00 per hour Annual holding cost $23 per unit Daily production 1 comma 000 units/day Annual demand 29 comma 000 (290 days eachtimesdaily demand of 100 units) Desired lot size 300 units Setup time = nothing minutes (round your response to two decimal places).
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