Ready Tees, an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. Ready will order t-shirts 12 times over the next year. Ready receives the same number of t-shirts each time it orders. The carrying cost is $0.10 per shirt per year. What is the annual carrying cost of the t-shirt inventory?

$417

$833

$5,000

$12,000

$10,000