Question: The selected answer is wrong. Annual demand for an item is 35,000 units. The holding cost rate is 15% of the item cost. Ordering costs

The selected answer is wrong.

The selected answer is wrong. Annual demand for an item is 35,000

Annual demand for an item is 35,000 units. The holding cost rate is 15% of the item cost. Ordering costs are $25 per order. Quantity discounts are available according to the schedule below: Quantity 1-99 100-299 Price per Unit (S) 80.00 79.50 00-399 79.25 400+ 79.00 From the previous problem, what is the total annual cost of your policy? $2,769,557 $2,778,311 $2,787,209 -$2,809,432

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