Axelia Corporation has two divisions, Refining and Extraction. The company's primary product is Luboil Oil. Each division's costs are provided below:

Extraction: Variable costs per barrel of oil $13

Fixed costs per barrel of oil $6

Refining: Variable costs per barrel of oil $26

Fixed costs per barrel of oil $36

The Refining Division has been operating at a capacity of 40,800 barrels a day and usually purchases 25,600 barrels of oil from the Extraction Division and 15,100 barrels from other suppliers at $62 per barrel. What is the transfer price per barrel from the Extraction Division to the Refining Division, assuming the method used to place a value on each barrel of oil is 110% of full costs?

A. $99.00

B. $20.90

C. $55.00

D. $19.00