A small manufacturer of mountain bikes located in Denver, Colorado, buys tires from a supplier in China. There is a monthly demand of 200 tires. The cost of placing an order Is exist200 and the holding cost is exist24 per tire per year. If the purchasing price is exist45 per tire and the economic order quantity is used, what is the total annual inventory cost? exist4, 800 exist2, 400 exist112,000 exist108,000 exist110, 400