Problem $12-6($Algo$)$ A produce distributor uses $778$ packing crates a month, which it purchases at a cost of $$11$ each. The manager has assigned an annual carrying cost of $38$ percent of the purchase price per crate. Ordering costs are $$26.$ Currently the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ? $($Round intermediate calculations and final answer to $2$ decimal places.$)$ Savings per year