A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering cost is $10 per order. Annual carrying cost is $75 per bag. The company produces 10 cakes per day and works 300 days every year. The manager wants to know which inventory system, the Basic-Fixed (EOQ) Model or the Production Quantity Model (PQM) will give the lower total annual inventory cost. What is that lower annual inventory cost? (Enter your number without the dollar symbol, without commas to separate thousands, and rounded to two decimals)