Question: Given the following information for a purchased component, what is the total annual cost considering the annual purchase, ordering, and holding costs? Annual demand -

Given the following information for a purchased component, what is the total annual cost considering the annual purchase, ordering, and holding costs? Annual demand - 2,000 units Purchase price - $10 per unit Order quantity - 100 units Order cost $5 per order Annual holding cost - $2 per unit (Note: Please enter the numeric value c.8. 1,000)

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