The Allianz Company produces a specialty wood furniture​ product, and has the following information available concerning its inventory​ items:   Relevant ordering costs per purchase order ​$510 Relevant carrying costs per year for each​ product:        Required annual return on investment ​15%      Required other costs per year ​$7   Annual demand is​ 30,000 products per year. The purchase price per product is​ $50. What is the annual relevant carrying​ costs?

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