Fotek produces solid state relays that is used in alternating current power systems. The firm works 240 days in a year, and uses 48,000 armatures (used in solid state relays) per year. The firm makes it own armatures and produces them at a rate of 800 per day. The solid relays are assembled uniformly over the entire year. The carrying cost is $1 per armature a year, and the setup cost for a production run of armatures if $45. The minimum total annual cost for carrying and setup is $_______ (round to two decimals)