Your options for shipping $95,020 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that wil

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Your Options For Shipping 95 020 Of Machine Parts From Baltimore To Kuala Lumpur Malaysia Are 1 Use A Ship That Wil 1 (84.34 KiB) Viewed 33 times

Your options for shipping $95,020 of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take 29 days at a cost of $3,240, or (2) truck the parts to Los Angeles and then ship at a total cost of $5,080. The second option will take only 22 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year. If you have a third option and it costs only $4,270 and also takes 22 days, what is your most economical plan? The daily holding cost of Alternative 1 is $ 78.10. (Enter your response rounded to two decimal places.) The daily cost of faster shipping with Alternative 2 is $5504.86. (Enter your response rounded to two decimal places.)