otal cost of ownership. You can use the spreadsheet here.

Vendor A has bid on our product which has an annual demand of $500,000.$

The vendor has placed a minimum order of $25,000$ pieces each time $($the EOQ is less than that$).$

Their bid price is $$450.$

Their cost to place an order is $$50.$

The vendor's quality has a defect rate of $3\%$ and the cost to return parts is $$100.$

What is the total annual cost of ownership for this vendor for this part $($the per unit price not the total$)?$ Round your answer to a whole number, no decimals, no commas, no dollar signs.