Using the data from problem 1, HTC is able to negotiate a reduction in the fixed ordering costs to $250.00 per order, but HTC decides to carry a safety stock of 21 days of memory chip sales. With the reduced fixed ordering cost and the increased average inventory due to the safety stock carried, what is the additional total inventory costs due to the decision to balance out uncertainty by carrying the specified safety stock? Enter your answer rounded to two decimal places.

Please Referenced The Question Below:

Hi Tech Corporation (HTC) expects to order 295,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $375 per order; the purchase price per chip is $32; and the firms inventory carrying costs is equal to 18 percent of the purchase price. What is the economic ordering quantity for chips? Answer: 6197.70