The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost $/$ high volume assemblies, the XO$-01,$ has an estimated annual demand of $8,000$ units. Talbot 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. What is the annual ordering cost if Talbot orders using the EOQ quantity?

Question $5$Select one:

a$.$

less than or equal to $$1,000$

b$.$

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

c$.$

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

d$.$

greater than $$4,000$