What option is more economical

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A shipment of machined steel parts valued at $75,000 needs to be shipped from Rockwall, Texas to Rochester, New York. They could be shipped by rail, taking 15 days at a cost of $1,575, or by truck, taking 4 days at a cost of $2,640. The annual holding cost rate for this type of item has been estimated at 22%. What option is more economical?

Reference no: EM13841205

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