Rally House spent $4 each to produce 10,000 t-shirts with KU Football designs. Rally House had to take out a loan at 6% interest in order to have the cash flow needed to sew and print these shirts. Rally House also has to pay $1,250 in rent to a warehouse to store their shirts. The shirts are insured with a $350 premium. They also know that around $40 in inventory might be damaged by employees when opening the pallets. We will assume that Rally House will not receive the income deductions for interest payments, and we assume that they are storing these shirts for exactly 1 year before selling. Solve for the total carrying cost that Rally House is incurring due to carrying these shirts for exactly 1 year