Question: 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

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. Use the information in Scenario 9.3. What is the annual inventory holding cost if Talbot orders using the EOQ quantity?

Group of answer choices less than or equal to $1,500

greater than $4,000 but less than or equal to $6,500

greater than $6,500

greater than $1,500 but less than or equal to $4,000

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