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An assistant manager is reviewing the costs associated with the store's best - selling product. The data available is as follows: Demand = 4 0

An assistant manager is reviewing the costs associated with the store's best-selling product. The data available is as follows:
Demand =400 units/year
Order cost = $25/order
Holding cost = $0.5/unit/year
What is the sum of annual holding cost and annual ordering cost if the store's order quantity is determined by the EOQ model?

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