Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity $($EOQ$)$ for controlling inventory. She wants to apply the EOQ to a sample product, the Super$-$Z Wedge. The Super$-$Z Wedge has an average demand of $82$ units$/$week with an ordering cost of $$300/$order$.$ The cost of carrying a Super$-$Z Wedge in inventory is $$22\mathrm{.}50/$unit$/$year$.$ Assume $50$ work weeks in a year.

Calculate the annual holding cost if the EOQ is used as order quantity.