Chapter 12, question 21 (Note: do not forget cost of goods in your total annual cost): Wang Distributors has an annual demand for an airport metal detector of 1,400 units. The cost of a typical detector to Wang is $400. Carrying cost is estimated to be 20% of the unit cost, and the ordering cost is $25 per order. If Ping Wang, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. Should Wang take the quantity discount?

Group of answer choices

order 29.6 with the total cost = $523, 517.

order 40.3 with the total cost = $523, 517.

order 30.3 with the total cost = $543, 517.

order 300 with the total cost = $543, 517.

order 29.6 with the total cost = $543, 517.