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Post Card Depot, an large retailer of post cards, orders 5,199,131 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 6 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.21 per post card per year. The ordering cost is $247 per order.
Problem 1: What is the annual ordering cost of the post card inventory?
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