Wear A Mask (WAM) uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. - Demand (D) =20,600 units/year - Ordering cost (S)=$55.00 /order - Holding cost (H)=$8.8/ unit/year - Lead time (L)=3 week(s) - Current on-hand inventory is 1,040 units, with no scheduled receipts and no backorders. What is the annual cost of holding the cycle inventory? (Please wait and round at the end of the calculations, enter your response rounded to 2 decimal places.)