The Gentry Garden Center sells $90,000$ bags of lawn fertilizer annually. Each bags costs the firm $$1\mathrm{.}50($the purchase price$),$ inventory carrying cost is

$20\%,$ and the cost of placing an order with its suppliers is $$15.$ What is their total inventory cost $($TIC$)$ if they order $4,000$ bags per order? Round your

answer to two decimal places.