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 60 units/week with an ordering cost of $300/order. The cost of carrying a Super-Z Wedge in inventory is $45.00/unit/year. Assume 50 work weeks in a year. Calculate the annual holding cost if the EOQ is used as order quantity