Race One Motors is an Indonesian car manufacturer. At its largest manufacturing? facility, in? Jakarta, the company produces subcomponents at a rate of 295 per? day, and it uses these subcomponents at a rate of 12,200 per year? (of 250 working? days). Holding costs are ?$3 per item per? year, and ordering costs are ?$29 per order.
What is the annual cost of ordering and holding? inventory? ?$ _____ ?(round your response to two decimal? places).