Johnny Runner, President of Runner Footwear, has the option of shipping GPS-enabled hiking boots from the Allanta plant via railroad or airplane.The typical shipment has a value of $100,000. A railway container takes 16 days and costs $1,000; the airplane lakes 1 day and costs $2,000.Holding cost is estimaled to be 30% per year (assume 365 days in a year in either class. Show all your calculations. 

a. What is the typical daily holding cost for a shipment with a value of $100 000. 

b. What is the total cost-holding + rail transportation-for a railway shipment that takes 16 days? 

C. What is the total cost-holding + air transportation for air transit that takes 1 day. 

d. Which transportation method is cheaper in terms of total cost.