The Reddog Shirt Company predicts that 3,200 cases of zippers will be used during theyear to satisfy production needs.

The following additional information is known:

On average, 15 cases of zippers are used per production day.

On average, it takes 9 days from the date an order is placed with a vendor to receipt of the zippers.

On average, the zippers cost $4 per case.

Average cost to place an order with a vendor - $10

Average cost to receive and inspect an order from a vendor - $15.

Average annual warehouse cost of holding one case of zippers in inventory. $0.80

Average annual interest rate 5%

What is the total annual cost to carry one case of zippers in inventory? (holding cost)