A produce distributor uses $774$ packing crates a month, which it purchases at a cost of $$12$ each. The manager has assigned an annual carrying cost of $34$ percent of the purchase price per crate. Ordering costs are $$29.$ Currently the manager orders once a month.

How much could the firm save annually in ordering and carrying costs by using the EOQ? $($Round intermediate calculations and final answer to $2$ decimal places.$)$

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