BabyGear is a retailer of high quality baby products in the European market. Their best selling product is E-Chupetin65, a pacifier enabled with sensors and AI technology that sends a warning to your phone before your baby starts crying.

The demand for E-Chupetin65 is very stable at 9200 units per month with virtually no variability. BabyGear pays $20 for each pacifier, and sells each unit for $35. The annual holding rate for these pacifiers is 20%, and the administrative cost associated with placing an order is $350.

The company is currently ordering exactly the monthly demand, 9200 units of E-Chupetin65, the first day of each month.

Assume no lead time. Assume 52 weeks per year.

Question:

What is the current total annual relevant cost (ordering+holding costs) for E-Chupetin65?