Remaining Time: 30 minutes, 41 seconds Question Completion Status Save and suoma Click Submit to complete this assessment. Question 9 of 9 Question 9 2 points Assuming Trader Bob's annual inventory holding costs are 20% (an item that cost $10 to purchase would cost $2 to hold in inventory for one year), what is the inventory cost of an item which sells for $20 and costs Trader Bob $12 to buy? Assume that this item has inventory turns of 25 per year. (Round the answer to 3 decimal places) Click Submit to complete this assessment. Question of Save and Sub hp 8 96 11