$2.$ A pick$-$n$-$place machine for automated assembly of printed circuit boards makes a wide range of products, including Item $24-101.$ The machine is set up to produce Item $24-101$ once every $2$ weeks, and the production rate is $4$ times the demand rate for these parts. The demand for Item $24-101$ is $4,550$ pieces per month with very little uncertainty. The fixed cost is $$15,900$ per setup. The unit cost of a part is $$58\mathrm{.}44,$ and holding costs are assessed at $18\%$ per year. Assume the production schedule is $5$ days per week and $250$ working days per year. Compute the annual costs of ordering and holding inventory for Item $24-101.$

Hint: This is an EPL problem; use the $2$ weeks$$ interval and the total customer demand to find Q$,$ no need to find the optimal order quantity $($Q$*).$