Your options for shipping $$98,380$ of machine parts from Baltimore to Kuala Lumpur, Malaysia, are $(1)$ use a ship that will take $29$ days at a cost of $$3,530,$ or $(2)$ truck the parts to Los Angeles and then ship at a total cost of $$4,670.$ The second option will take only $22$ days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at $30\%$ of the value per year.

a$)$ is more economical, with a daily holding cost of $$.($Enter your response rounded to two decimal places.$)$