Millennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 45 cases. Millennium purchases each case for $120, there is a $275 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 15 percent. Assume 52 weeks per year. Question: If Millennium chooses to order 300 cases each time, what is the sum of its annual ordering and holding costs?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.