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Wilderton Inc. sells 1,000 riveting machines per year. The cost of placing one order is $120, and it costs $40 per year to carry a

Wilderton Inc. sells 1,000 riveting machines per year. The cost of placing one order is $120, and it costs $40 per year to carry a riveting machine in inventory. What is the annual total cost of ordering and carrying riveting machines assuming that Wilderton orders at the optimal EOQ level, rounded up to the next whole number?

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