A shipment of parts valued at $85,000 needs to be shipped from Thunder Bay, to Trail. They could be shipped by rail, taking 8 days at a cost of $1,525, or by truck, taking 3 days at a cost of $1,940. The annual holding cost rate for this type of item has been estimated at 17%. What option is more economical?

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The Answer of A shipment of parts valued at $85,000 needs to be shipped from Thunder Bay, to Trail. They could be shipped by rail, taking 8 days at a cost of $1,525, or by truck, taking 3 days at a cost of $1,940. The annual holding cost rate for this type of item has been estimated at 17%. What option is more economical?

A Shipment of Parts Valued at $85,000 Needs to Be