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Prentice Hall wants to reduce a large stock of Quantitative Analysis books from their warehouse. Assuming the annual demand rate is 4 0 0 books,

Prentice Hall wants to reduce a large stock of Quantitative Analysis books from their warehouse. Assuming the annual demand rate is 400 books, the ordering cost is $20, and the annual holding cost is $8 per textbook, the following is their quantity discount pricing schedule for the JU Bookstore: QUANTITY PRICE 1-99 $ 150100+ $ 148 What is the minimum total annual cost (in dollars)?

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