An automotive manufacturer uses 200,000 radial tires per year for its new car series. The company makes its own tires, which it can produce at a rate of 800 per day. The cars are assembled uniformly over the entire year. The holding cost is $10 per tire per year. The machine setup cost for a production run of tires is $70. The firm operates 260 days per year. What is the annual carrying cost when the economic production quantity is 8,533 tires? Select the closest answer. 1 $42,665 (2) $1,641 (3) $3,282 4 $262,554

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