1. Post Card Depot, an large retailer of post cards, orders 8,493,719 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 15 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.20 per post card per year. The ordering cost is $291 per order.

What is the annual ordering cost of the post card inventory?

(Round the answer to two decimal places)

2. Cheesburger and Taco Company purchases 19,145 boxes of cheese each year. It costs $27 to place and ship each order and $8.50 per year for each box held as inventory. The company is using Economic Order Quantity model in placing the orders.

How many orders will be placed each year? Round the answer to the whole number