Cooper Company has average demand of 50 units per day. Lead time from the supplier averages 20 days. The combined standard deviation of demand during lead time is 20 units. The item costs $75 and inventory carrying cost is 24%. Use the following information to answer the question that follows. 1 standard deviation covers 84.13% 1.04 standard deviations covers 85% 1.28 standard deviations covers 90% 1.65 standard deviations covers 95% 1.96 standard deviations covers 97.5% 2 standard deviations covers 97.72% 2.33 standard deviations covers 99% standard deviations covers 99.86% 6 standard deviations covers 99.99966% Management has decided to maintain a 95 percent service level. How much is the annual inventory carrying cost of the safety stock because of this decision? HINT: SS = combined standard deviation * Z. Cost of carrying SS = SS " purchase price " carrying cost percentage. $755 $610 $594 $351 None of the above