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A company's holding cost is 14 percent per year. Its annual inventory turns are 12. The company buys an item for $43. What is the

A company's holding cost is 14 percent per year. Its annual inventory turns are 12. The company buys an item for $43. What is the average cost (in $s ) to hold each unit of this item in inventory? Note: Round your answer to 2 decimal places

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