Question: Jack's jacket shop is trying to determine how much it costs them per year to hold all of his inventory. He knows that his annual

Jack's jacket shop is trying to determine how much it costs them per year to hold all of his inventory. He knows that his annual demand is 10,000 jackets per year and his shop operates 365 days each year. Additionally, Jacks ordering costs are 7 and his holding cost is $5 per unit. Please calculate Jack's total annual holding cost.

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