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A manufacturer of automotive components purchases a particular part for use in its manufacturing process from a supplier for $30.6 per unit. The annual demand

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A manufacturer of automotive components purchases a particular part for use in its manufacturing process from a supplier for $30.6 per unit. The annual demand for the part is 22,987 units per year. The manufacturer has estimated that the ordering cost is $223 per order. The annual holding charge is 20 percent of the unit purchase cost. The supplier has a lead time of 25 days. Recently, the supplier has offered a purchase discount. The supplier will reduce the unit purchase cost by 3.8 percent if the the manufacturer uses an order of quantity of 5,507 units per order. What is the total annual inventory and purchasing cost if the manufacturer uses an order quantity of 5,507 units per order? Use at least 4 decimal places

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