Environmental considerations, material losses, and waste disposal can be included in the EOQ model to improve inventory$-$management decisions. Assume that the annual demand for an industrial chemical is $2,400$ lb$,$ item cost is $$3/$lb$,$ order cost is $$45,$ inventory holding cost rate $($percent of item cost$)$ is $29$ percent. Now assume that ten percent of the chemical is not used and disposed of$,$ with a disposal cost of $$0\mathrm{.}55/$lb$.$ What is the total cost?