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A large fitness company uses an average of 40 boxes of copier paper a day. The company operates 260 days per year. Storage and carrying

A large fitness company uses an average of 40 boxes of copier paper a day. The company operates 260 days per year. Storage and carrying costs for the paper is RM30 a year per box, and it costs approximately RM60 to order and receive a shipment of the box. The delivery time per order is 5 days.

How much is the total inventory cost (TIC) per year?

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