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Problem $11-6($Algo$)$

Richard$$s Sporting Goods needs to fill an online order for $182$ hockey sticks. The manager is considering shipping the order by truck to the customer in Wisconsin, at a carrier charge of $$95.$ The delivery will take ten days and the order is paid on delivery $($Richard$$s doesn$$t get paid until the sticks are received$).$ The hockey sticks are valued at $$75$ for each stick and Richard$$s uses a $24$ percent annual inventory carrying charge.

a$.$ Use the formula Total Cost $=$ in$-$transit holding cost $+$ freight cost. Note: the term "transit inventory cost" is used interchangeably with $"$in$-$transit holding cost". What will be the total cost of the shipment? $($Use $365$ days in a year. Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$