Question 3 0.5 pts Circus Inc. rents human cannon for performances. Each cannon cost the firm an average of 8,176. The inventory varies monthly depending on the number that are rented out. The following table shows the ending inventory for the first eight months of last year. Month January February March April May June July August Number of cannon 29 24 38 28 19 11 19 6 Circus Inc. uses a 27.78 percent annual interest for cost of capital, 4.76 percent for insurance and storage cost. Assume that the holding cost is proportional to the inventory on hand at the end of the month. What is the total holding cost incurred by Circus Inc. during the period of January to August