second option will take only $22$ days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at $30\%$ of the value per year.

If you have a third option and it costs only $$4,320$ and also takes $22$ days, what is your most economical plan?

The daily holding cost of Alternative $1$ is $$82\mathrm{.}62.($Enter your response rounded to two decimal places.$)$

The daily cost of faster shipping with Alternative $2$ is $$26\mathrm{.}46.($Enter your response rounded to two decimal places.$)$