Item $x$ is a standard item stocked in a company's inventory of component parts. Each

year the firm, on a random basis, uses about $1,500$ of item X$,$ which costs $$25$ each.

Storage costs, which include insurance and cost of capital, amount to $$5$ per unit of

average inventory. Every time an order is placed for more of item $x,$ it costs $$6.$

Using EOQ model, after finding the optimal order quantity, what is the annual cost

for storing item $x?$

$150$

$160$

$170$

$140$