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An online shoe retailer s annual cost of holding inventory is 3 7 percent. The firm operates with a days - of - supply of

An online shoe retailers annual cost of holding inventory is 37 percent. The firm operates with a days-of-supply of 24 days, and assume there are 365 days per year.
What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $53?

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