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Post Card Depot, an large retailer of post cards, orders 7,977,930 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 12 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.10 per post card per year. The ordering cost is $397 per order. What is the annual total costs of post card inventory? (Round the answer to two decimal places).

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Financial Management, Finance

Category:- Financial Management
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