PA $10-19($Algo$)$ A bicycle manufacturer purchases bicycle seats...

A bicycle manufacturer purchases bicycle seats from an outside supplier for $$23$ each. The manufacturer's inventory of seats turns over $1\mathrm{.}3$ times per month, and the manufacturer has an annual inventory holding cost of $33$ percent.

What is the inventory holding cost $($in $s$)$ for a bicycle seat?

Note: Round your answer to $2$ decimal places.

Holding costs

per seat