What are the total costs annual storage costs annual order, Financial Management

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What are the total costs annual storage costs annual order

AIA Inc. is looking to manage its cash position using the EOQ model. The company is consuming cash at the rate of $6500 per day, and is open for business 365 days in the year. Each time the firm sells securities to obtain the cash, it costs them $160. The interest rate is 2.30%. What are the total costs (annual storage costs + annual order costs) associated with the EOQ?

Place your answer to the nearest dollar without including a dollar sign or commas.

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