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A manufacturer sells widgets for $250. The cost of a widget is $145 and the manufacturer turns its inventory 12.1 times per year. If the

A manufacturer sells widgets for $250. The cost of a widget is $145 and the manufacturer turns its inventory 12.1 times per year. If the manufacturer's annual holding cost percentage is 20%. What is the holding cost for each widget? Note: Round your answer to 2 decimal places

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