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A manufacturer has a production facility that requires 13,054 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from

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A manufacturer has a production facility that requires 13,054 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 9 days. The unit purchase cost is $30.3 per unit. The cost to place and process an order from the supplier is $182 per order. The unit inventory carrying cost per year is 12.8 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 2,320 units per order, what is the annual holding cost? Note: It is important to know that the manufacturer does not really use the optimal order quantity. Use at least 4 decimal places

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