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Home Depot procures a popular bathtub from its supplier at a cost of $ 6 0 4 per unit. The holding cost at Home Depot's

Home Depot procures a popular bathtub from its supplier at a cost of $604 per unit. The holding cost at Home Depot's distribution center (DC) is 37% of the purchase cost per unit per year. Weekly demand for the bathtub at the DC is normally distributed with a mean of 1,673 units per week and a standard deviation of 355 units per week. Home Depot would like to maintain a 93% cycle service level for this product.
Suppose that Home Depot reviews its inventory continuously and that lead times for orders placed with the manufacturer are normally distributed with a mean of 4 week(s) and a standard deviation of 4 week(s).
Compute the annual holding cost of the safety stock (in dollars) required to meet the desired service level.
Rounding instructions:
Carry calculations to at least 3 decimal places.
Round your answer to the nearest tenth of a dollar (one decimal place).

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