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A sport store carries a shoe for men that sells an approximately 5,401 pairs per year. The store purchases the shoes from the manufacturer for

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A sport store carries a shoe for men that sells an approximately 5,401 pairs per year. The store purchases the shoes from the manufacturer for $24.8 per pair. The order lead time is 11 days. It costs the store $42 to place and process an order. The annual carrying charge is 18 percent. Assume EOQ model is appropriate and 360 days a year. If the store uses a constant order quantity of 376 units per order, what is the annual inventory cost? Use at least 4 decimal places

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