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Please answer the question as soon as possible. Show calculations. Cheeseburger and Taco Company purchases 18,217 boxes of cheese each year. It costs $18 to

Please answer the question as soon as possible. Show calculations. Cheeseburger and Taco Company purchases 18,217 boxes of cheese each year. It costs $18 to place and ship each order and $8.86 per year for each box held as inventory. The company is using the Economic Order Quantity model in placing the orders. What are the annual carrying costs of cheese inventory? Round the answer to two decimals.

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