Question: A company assembles several components to make a product. One of the components needed are purchased for $18.9 per unit from a supplier in a

A company assembles several components to make a product. One of the components needed are purchased for $18.9 per unit from a supplier in a fixed quantity of 805 units. Annual demand of the component is constant at 12,575 units, the holding cost per year is 13.9 percent of the unit purchase price, and the cost to place an order is $32. The order lead time is 9 days. Assume 250 days per year. Use at least 4 decimal places. What is the annual holding cost associated with the current company's ordering policy
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