Use this information as you prepare answers for the three questions below. CleanWater Inc. currently uses an order quantity of $500($Current Q$=500)$ when ordering a popular filter. Annual demand for the filter is $8,000$ The inventory holding cost is $$10/$unit$/$year$.$ The estimated cost to place an order is $$50.$ Recently, the inventory manager calculated the Economic Order Quantity $($EOQ$)$ for this filter as $283($EOQ$=283).$ CleanWater Inc. operates $52$ weeks per year.If CleanWater Inc. uses the Economic Order Quantity $($EOQ$),$ what is the Total Annual Cost $($holding cost plus ordering cost$)$ for this item? $($choose the range below which contains the correct answer$)$