A decentralized company has two divisions (both are profit centers); Red River and Green Hills. The Red River Division produces and sells bags of pottery clay that can be either sold to outside customers or to the Green Hills Division. The following data is available:
Red River:
Capacity (bags that can be produced, annually)		39,000
Bags sold per year to outside customers		34,000
Selling price per bag of pottery clay to other (outside) customers:		$ 60
Variable production costs/expenses per bag:		$ 48
Green Hills:
The desired annual number of bags of pottery clay:		20,000
Price per bag that would be charged from an available alternative supplier:	$ 62
Assuming no other relevant issues (quality, etc.), what is the minimum acceptable transfer priceper bag that Red River (the seller!) would require from Green Hills (the buyer!)? (It would have to supply all 20,000 desired bags. Show applicable calculations)