Southwest Seafood Grill operates restaurants all over the country. The company maintains a supply of stainless steel buckets for operations throughout the year. The annual demand for it is about 58500, and the firm manages the inventory using the EOQ policy. It costs $15 to place an order, and the holding cost is 20% of the purchase price. The supplier offers the Southwest Seafood Grill a deal; if they buy at least 1200 units at a time, they will pay $6.5 each, and if they buy at least 1300 units at a time, they will pay only $6 each. What would be the total annual holding cost if Southwest orders 1300 units each time
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