Question: Inventory: *Please note - these are new numbers from the previous problems* A product has an annual demand of 16,716 units. The unit price is

Inventory:

*Please note - these are new numbers from the previous problems*

A product has an annual demand of 16,716 units. The unit price is $74 each and the ordering cost is $41. The store uses a yearly inventory holding cost of 34% of the unit price. They have decided to order 75 units every time they order, instead of the EOQ amount.

What is the total annual cost of purchasing 75 units per order (purchasing, ordering, and holding)? (round to two decimal places)

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