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Question 4 0.5 pts Circus Inc. rents human cannon for performances. Each cannon cost the firm an average of 89,679. The inventory varies monthly depending
Question 4 0.5 pts Circus Inc. rents human cannon for performances. Each cannon cost the firm an average of 89,679. 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 Number of cannon January 206 February 202 March 403 April 381 May 144 |June 452 July 431 August 494 Circus Inc. uses a 29.18 percent annual interest for cost of capital, 6.32 percent for insurance and storage cost. Assuming that these eight months are representative, what is the annual holding cost for Circus Inc
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