ABC Aircraft uses 3000 drill bits annually. Each drill bit costs $80 and each order ABC places costs $35. Carrying costs are 40% of unit cost. ABC has contracted with the supplier of the drill bits to use an order quantity of 200 by doing which they receive a 3% discount on purchase price. Compute the annual total cost (i.e. the Purchase cost + Ordering cost + Holding cost) for the order quantity of 200. Do not include a dollar sign in the answer box. Specify only the amount. e g. 40000