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A shipment needs to be transported from Mexico to Canada. The annual demand for the product is 3 , 0 0 0 units. The price

A shipment needs to be transported from Mexico to Canada. The annual demand for the product is 3,000 units. The price is $32 per unit. The annual holding rate is 25% of the total cost. There are two transportation options:
(1) Railway will take 12 days and cost $15 per unit
(2) Truck will take 5 days and cost $19 per unit
Question 1(2 points)
What is the annual holding cost?
$24,000
$25,000
$44,000
$34,000
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