JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts. The facility operates 330 days per year and has annual demand of 71,000 bumpers. They can produce up to 440 bumpers each day. It costs $79 to set up the production line to produce bumpers. The cost of each bumper is $100 and annual holding costs are $28 per unit. Setup labor cost is $25 per hour. Suppose the customer (an auto manufacturer) wants to purchase in lots of 550 and that Bob's Bumpers is able to reduce setup costs to the point where 550 is now the optimal production run quantity. How much will they save in annual holding costs with this new lower production quantity? (Display your answer to two decimal places.) How much will they save in annual setup costs with this new lower production quantity? (Display your answer to two decimal places.)