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A load of parts valued at $ 7 7 , 0 0 0 needs to be shipped from Toronto to Vancouver. Theycould be shipped by

A load of parts valued at $77,000 needs to be shipped from Toronto to Vancouver. Theycould be shipped by truck, taking 21 days at a cost of $1,500, or by rail, taking 10 days at acost of $2,500. The annual holding cost rate for this type of item has been estimated at14%

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