1 Calculate the break-even product value of using Express Mail (overnight delivery) versus Parcel Post (three-day delivery) for sending a package from Peoria, Illinois, to Memphis, Tennessee. The following table contains the appropriate costs. Assume that inventory carrying cost is 25 per- cent per year of the product value and that there are 365 days per year.

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SHIPPING COST: U.S. POSTAL SERVICE, PEORIA, IL, TO MEMPHIS, TN WEIGHT (LBS.) COST (OVERNIGHT) COST (3-DAY) 23456700 ) $15.00 $2.87 17.25 334 19-40 378 21.55 4.10 25-40 439 26.45 4.67 8 27.60 491 9 28.65 5.16