Question: You are continually working to improve your inventory management and contain costs. Your place of employment works on a 250-day year. The annual demand is

You are continually working to improve your inventory management and contain costs. Your place of employment works on a 250-day year. The annual demand is 4,351 widgets per year. The ordering cost is $394 per order, regardless of size. The holding cost is $16 per widget per year. Your lead time is known exactly, to be 15 days. Assume you place an order for the EOQ. What is your annual holding cost associated with this inventory policy? Please round your answer to the nearest integer.

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