A firm wants to develop a level material use schedule based on the following data. What should be the setup cost?

\begin{tabular}{|l||l|} \hline Desired lot size & 748 units \\ \hline \hline Annual Demand & 40,000 units per year \\ \hline Holding Cost & $20 per unit per year \\ \hline \hline Daily production rate & 320 units per day \\ \hline Working days per year & 250 days per year \\ \hline \end{tabular}