Setia teguh sdn bhd is one of the official suppliers of soccer balls for games and practice at all levels of play in Kuantan, Pahang. It expects to sell 150,000 soccer balls this year. Assume that the carrying cost are RM1.50 per soccer ball year and ordering costs are RM93 per order. What is the company's economic order quantity for this soccer ball?
1) 8,565 balls
2) 5,500 balls
3) 4,313 balls