The Wood Furniture company produces a specialty wood furniture product, and has the following information available concerning its inventory items:Relevant ordering costs per purchase order $120. Relevant carrying costs per unit: Required annual return on investment 15%. Out of pocket costs per unit $1.60. Annual demand is 15,000 packages per year. The purchase price per package is $16. What are the total relevant costs, assuming the quantity ordered equals 700 units? Select one: O a. $3,971 O b. $3,750 O c. $2,700 O d. $1,400