Your options for shipping $102580 of machine parts from Baltimore to Kuala Lumpur Malaysia are (1) use a ship that will take 32 days at a
cost of $37400 or (2) truck the parts to Los Angeles and then ship at a total cost of $5110. The second option will only take 20 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 $4210 and also takes 20 days what is your most economical plan? Assume 365 days per
year. The daily cost of Alternative 1 is $__ the daily cost of faster shipping with Alternative 2 is $__ the daily cost of faster shipping with
Alternative 3 is $__.
Which among alternative 123 is more economical:_________
Enter your response rounded in two decimal places.