Jones Company is comparing two alternative shipping carriers to move its containers. The value of the containers is $20,000. Carrier 1 takes 3 days to ship the containers and gives a quote of $300 for the shipment. Carrier 2 takes 5 days to ship the containers and gives a quote of $250 for the shipment. The inventory holding cost for these containers is estimated to be 20% of the value per year.

Assume there are no other cost differences across remaining logistics functions. Which carrier should Jones Company use? Why? Please show your calculation steps in your answer.