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If storage cost is equal to $50,000, inventory loss is equal to $5,000, expediting cost is...

If storage cost is equal to $50,000, inventory loss is equal to $5,000, expediting cost is equal to $10,000, insurance is equal to $4,000, tax is equal to $3,000, and cost of capital is equal to $20,000; what is the holding cost as a percentage of average inventory on an average inventory value of $200,000. (Round to the nearest whole percentage and do not include the percentage symbol) For example, if you calculate an answer of 65.75%, submit 66.

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