A fresh produce distributor uses $800$ nonreturnable packing crates a

month, which it purchases at a cost of $$5$ each. The manager has

assigned an annual holding cost of $25$ percent of the purchase price per

crate. Ordering cost is $$28$ per order. Currently the manager orders $800$

crates at a time. How much could the firm save annually in ordering and

holding costs by using the EOQ?