A manufacturer purchases steel for use in its products. The firm uses 100 tons of steel per week and purchases steel for $100 per ton from a suppliet. Each time the firm orders steel from the supplier, the firm must pay an order processing charge of $90. The firm's annual holding cost percentage is 31%. If the manufacturer orders 500 tons of steel with each order, what is the sum of the annual holding and ordering costs? Note: Do not round intermediae calculations. Assume there are 52 weeks in a year and round your answer to 2 decimal places. A manufacturer purchases steel for use in its products. The firm uses 100 tons of steel per week and purchases steel for $100 per ton from a suppliet. Each time the firm orders steel from the supplier, the firm must pay an order processing charge of $90. The firm's annual holding cost percentage is 31%. If the manufacturer orders 500 tons of steel with each order, what is the sum of the annual holding and ordering costs? Note: Do not round intermediae calculations. Assume there are 52 weeks in a year and round your answer to 2 decimal places