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An automotive supply store sells a product that has a demand of 400 units per month. Its supplier charges an ordering cost of $60 per

An automotive supply store sells a product that has a demand of 400 units per month. Its supplier charges an ordering cost of $60 per order and $25 per unit with a 20% discount for orders of 250 units or higher. The store incurs a 20% annual holding cost. What is the store's annual holding cost if it orders at a quantity of 300 units? Multiple Choice $5 $1,200 $4 $600

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