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A commonly used valve represents 15% of the annual experditures at Philmore Castings. Given the data below, what is the annual cost to keep

A commonly used valve represents 15% of the annual experditures 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 Current item cost Annual cost for 1 item to hold Current order size 4 weeks $125.00 $28.00 148

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