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Assume that the holding cost of inventory at Macys is 35% per year. Assume further that Macys turns its inventory 3 times per year. How

Assume that the holding cost of inventory at Macy’s is 35% per year. Assume further that Macy’s turns its inventory 3 times per year. How much does it cost Macy’s to hold a dress that it purchased for $50? Show your calculations.

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