What is the annual ordering cost of the inventory round the


Cheeseburger and Taco Company purchases 7796 boxes of cheese each year. It costs $10 for the company to place and ship each order and $8.33 per year for each box to be held as inventory. The company is using the Economic Order Quantity model in placing the orders.

What is the annual ordering cost of the inventory? Round the answer to two decimals.

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