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A manufacturer of automotive components purchases a particular part for use in its manufacturing process from a supplier for $ 7 0 . 7 per

A manufacturer of automotive components purchases a particular part for use in its manufacturing process from a supplier for $70.7 per unit. The annual demand for the part is 32,882 units per year. The manufacturer has estimated that the ordering cost is $191 per order. The annual holding charge is 17 percent of the unit purchase cost. The supplier has a lead time of 29 days. Assume EOQ model is appropriate. The supplier gives a discount offer. The unit purchase cost will be discounted 3.68 percent if the manufacturer uses the order quantity of 6000 units. What is the total annual inventory and purchasing cost if the manufacturer takes the discount offer?
Use at least 4 decimal places.
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