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A retailer orders a product to sell. The annual demand is 3 6 , 0 0 0 units, the ordering cost per order is $

A retailer orders a product to sell. The annual demand is 36,000 units, the ordering cost per order is $80, the purchase cost is $20 per unit and the holding cost is 20% of the purchase cost. If the retailer orders 1,000 units at a time, what is the annual holding cost?

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