A commonly used valve represents $15\%$ of the annual expenditure at Philmore Castings. Given the data below, what is the annual cost to keep this item in inventory over a one$-$year period? Round your answer to the nearest whole number.

Lead time

$4$ weeks

Current item cost

$$125\mathrm{.}00$

Annual cost for $1$ item to hold

$$28\mathrm{.}00$

Current order size

$65$