Post Card Depot, an large retailer of post cards, orders 8,939,189 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 9 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.11 per post card per year. The ordering cost is $482 per order.
What is the annual ordering cost of the post card inventory?
(Round the answer to two decimal places) Get Finance homework help today