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A shipment of parts valued at $25,000 needs to be shipped from Halifax, to Moncton. They could be shipped by rail, taking 15 days at

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A shipment of parts valued at $25,000 needs to be shipped from Halifax, to Moncton. They could be shipped by rail, taking 15 days at a cost of $1,623, or by truck, taking 4 days at a cost of $2,140. The annual holding cost rate for this type of item has been estimated at 20%. a. What option is more economical? W b. How much money would the company save with this option? a. b. a. b. Rail $366.32 Rail $150.68 Truck $517.00 Truck $366.32 a. b. a. b

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