1. A local bookstore turns over its inventory once every 5 months. the bookstore's annual cost of holding inventory is 32%. what is the inventory holding cost (in $) for a book that the bookstore purchases for $9 and sells for $16?

___ per book

2. An online shoe retailer's annual cost of holding inventory is 34%. The firm operates with a days-of-supply of 21 days, and assume there are 365 days per year. What is the inventory holding cost (in $) for a pair of shoes that the firm purchased for $51?

___ a pair