Question: Given the following information for a purchased component, what is the total annual cost for the item? ( 4 points ) Annual demand = 1

Given the following information for a purchased component, what is the total annual cost for the item? (4 points)
Annual demand =100,000 units
Purchase price =$8 per unit
Order quantity =5,000 units
Order cost =$5 per order
Annual holding cost =$2 per unit
Given the following information for a purchased component, what is the

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