2. Super Auto Company rented a warehouse in Halifax, NS to store its engines valued at $500,000. The engines need to be shipped to the Montreal, QC, plant. The annual holding cost rate for auto engine has been estimated at 17%. There are five shipping companies available. Their delivery time and costs are listed in the table below. Which carrier is most economical?

Delivery

Time Carrier(Days) Cost

A 20 $500

B 16 $800

C 12 $1200

D 8 $1700

E 5 $2000