Big Orange Auto Parts stocks & sells Bully brand batteries to local car dealers & auto mechanics. The annual demand is approximately 1,200 batteries. Each battery costs $100 with an estimated annual carrying cost (ICC) equal to 30% of the product value. It costs $20 to place an order and Big Orange currently orders 100 batteries a month. Which of the following is the current annual carrying costs? O $1,500 $600 $1,200 $240