Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 290 per day, and it uses these subcomponents at a rate of 12,300 per year (of 250 working days). Holding costs are $33 per item per year, and ordering costs are $29 per order. What is the annual cost of ordering and holding inventory? (round your response to two decimal places