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Problem 9-12 eBook A firm with annual sales of $9,600,000 increases its inventory turnover from 5.5 to 7.5. How much would the company save

Problem 9-12 eBook A firm with annual sales of $9,600,000 increases its inventory turnover from 5.5 to 7.5. How much would the company save annually in interest expense if the cost of carrying the inventory is 12 percent? Round your answer to the nearest dollar. $

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