A specialty auto parts store has set up a standing order from one of their suppliers for 2,500 specialty mufflers on the 1^st and 15^th of each month. The unit value is $300. They annual carrying cost factor is 12%. They have an ordering cost of $250. If their annual demand is 60,000 mufflers, how much could they save annually by switching to their economic order quantity (rounded to nearest $100)?

Group of answer choices

$33,400

$18,100

$28,600

$16,100