Question: Suppose that a product's value is $ 9 0 0 . The manufacturer experiences a holding cost of 1 . 2 % per month. The
Suppose that a product's value is $ The manufacturer experiences a holding cost of per month. The firm ships the product across country by truck, and it arrives twelve days later. The shipping cost is $ per unit. What is the holding cost on each unit shipped? Assume days per month. Round answer to the nearest cent.
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