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A firm with annual sales of $ 7 , 8 0 0 , 0 0 0 increases its inventory turnover from 2 . 5 to

A firm with annual sales of $7,800,000 increases its inventory turnover from 2.5 to 5.0. How much would the company save annually in interest expense if the cost of carrying the inventory is 5 percent? Round your answer to the nearest dollar.

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