The Operations Manager for ABC & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that holding a bill in inventory costs 10 percent of its value annually. She knows that each order for these bills costs $300 for clerical and armoured car delivery costs, and that order lead time is six days. If she were to order 6,000 bills at a time, what would be the dollar value of the average inventory level?

Multiple Choice

$3,000

$6,000

$12,500

$300,000

$600,000