The Patrick Star Company uses assemblies to produce an array of small appliances. One of its high cost $/$ high volume assemblies, the "Squidward", has an estimated annual demand of $8,000$ units. The company estimates the cost to place an order is $$50,$ and the holding cost for each assembly is $$20$ per year. The company operates $250$ days per year. Lead time is $8$ days. What is the annual ordering cost if The Patrick Star Company orders using the EOQ quantity?

$$ less than or equal to $$1,000$

greater than $$1,000$ but less than or equal to $$2,500$

greater than $$2,500$ but less than or equal to $$4,000$

greater than $$4,000$

None of these choices