Question: How is the answer 521,552.159? Please show clear work step by step (not excel). Thanks. Question 5 0/2 pts A medical equipment has an average

How is the answer 521,552.159? Please show clear work step by step (not excel). Thanks.

Question 5 0/2 pts A medical equipment has an average monthly demand is 121 units. Its unit cost is $353. It costs $387 to place an order, and the inventory carrying cost is $50 per unit per year. The equipment requires a 95% of service level with a safety stock requirement of 30 units. What is the equipment's minimum annual total inventory cost? Numbers only, keep 3-decimal if not exact, either round up or down is ok. You Answered 520,052.159 Correct Answer 521,552.159 margin of error +/- 0.001

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