Home Depot Corporation produces a specialty aluminum product, and has the following information available concerning its inventory items:

Relevant ordering costs per purchase order	$470
Relevant carrying costs per year for each package:
Required annual return on investment	13%
Required other costs per year	$5

Annual demand is 33,000 packages per year. The purchase price per package is $49.

What are the relevant total costs at the economic order quantity?

	a.	$11,223
	b.	$12,694
	c.	$18,780
	d.	$20,387