A company assembles several components to make a product. One of the components needed are purchased for $28.8 per unit from a supplier in a fixed quantity of 679 units. Annual demand of the component is constant at 10,540 units, the holding cost per year is 18.4 percent of the unit purchase price, and the cost to place an order is $38. The order lead time is 8 days. Assume 250 days per year. Use at least 4 decimal places.

What is the reorder point if the company wants to avoid stockout?