Answer the following question(s) using the information below: The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order Relevant carrying costs per year: $150 Required annual return on investment Required other costs per year 10% $1.40 Annual demand is 10,000 packages per year. The purchase price per package is $16. What are the Wood Furniture Company annual relevant total costs at the economic order quantity? $3,000 $3,500 $1,000 $1,500 $2,050