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Annual demand for an item is 5 , 0 0 0 units. The item is ordered 5 0 0 units at a time, the cost

Annual demand for an item is

5, 000

units. The item is ordered

500

units at a time, the cost to place an order is $

60,

and the cost to hold an item in inventory is $

15 .

The total annual inventory based cost of this item is

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