Post Card Depot, an large retailer of post cards, orders 8,657,261 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 7 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.05 per post card per year. The ordering cost is $418 per order.

What is the annual ordering cost of the post card inventory?

(Round the answer to two decimal places)

Your Answer: