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A commonly used valve represents 1 5 % of the annual expenditure at Philmore Castings. Given the data below, what is the annual cost to
A commonly used valve represents of the annual expenditure at Philmore Castings. Given the data below, what is the annual cost to keep this item in inventory over a oneyear period? Round your answer to the nearest whole number.
Lead time weeks
Current item cost $
Annual cost for item to hold $
Current order size
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