Sharon is the purchasing agent for a laboratory in a hospital. One of their critical items is a specific type of skin biopsy kit. The cost of each unit for this biopsy kit is $$410,$ and the annual carrying cost is estimated to be $1\mathrm{.}5\%$ of the product cost. Sharon has studied the costs involved in placing an order for the skin biopsy kit and it costs $$50$ to order. The laboratory carries a safety stock of $20$ skin biopsy kits, and the annual demand for this type of skin biopsy kit is $2,400$ units. It takes about two weeks for an order to arrive from the supplier.

Answer the rest of the questions based on this case.

What is the holding cost?