Assume demand for webcams at Logitech is constant at 848 units per month. Logitech incurs a fixed order cost of $2374 each time it places an order. The holding cost per unit per year is 23% of the purchase cost per unit of $33. Currently, Logitech orders 700 units whenever it places an order. The lead time to receive the order is 5 days. Assume Logitech operates 364 days, 52 weeks, or 12 months per year. Calculate the total annual relevant cost (ordering + inventory) for the CURRENT POLICY given above.