Question: The Bread Boutique, a popular local bakery, uses 2 , 0 0 0 bags of flour per week. Its key supplier for flours and grains

The Bread Boutique, a popular local bakery, uses 2,000 bags of flour per week. Its key supplier for flours and grains charges a $400 delivery fee for each order. The head baker wants to buy as much flour at a time as he can but also wants to limit the total annual inventory costs. He knows his holding costs are roughly 20 percent of the purchase price, which is around $50. At the economic order quantity for flour what are the annual ordering costs? (Round to 2 decimal places)

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