A food processor uses about $11,450$ pounds of wheat each week. The food processor estimates their holding cost to be $32\%$ per year. A supplier has offered the food processor two options. Option $1$ is to purchase wheat in lots of $35,000$ pounds $($truckload$).$ The price per pound for option $1$ is $$1\mathrm{.}25$ per pound. Option $2$ is to have wheat delivered by rail. The cost per pound for option $2$ would be $$0\mathrm{.}98$ per pound. Deliveries by rail will include $150,000$ pounds of wheat. In either case, the supplier will charge the firm a fixed fee of $$275$ per delivery.

What is the total annual $(52$ week$)$ holding and ordering cost of option $1?$

Note: Round your answer to $2$ decimal places.