Post Card Depot, an large retailer of post cards, orders 7,023,097 post cards per year from its
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Post Card Depot, an large retailer of post cards, orders 7,023,097 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 7 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.29 per post card per year. The ordering cost is $415 per order.
What is the annual carrying costs of post card inventory
(round the answer to two decimal places)?
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