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Given that inventory valued at full cost equals $14.9 million, variable cost of the inventory is 73.8% of the full cost, and the inventory carrying
Given that inventory valued at full cost equals $14.9 million, variable cost of the inventory is 73.8% of the full cost, and the inventory carrying cost is 27.5%, then the cost of carrying the inventory investment for one year is (your answer must be accurate to the nearest dollar):
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