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 $ 17$17
	Fixed costs per barrel of oil $ 12$12
Refining:	Variable costs per barrel of oil $ 36$36
	Fixed costs per barrel of oil $ 39$39

The Refining Division has been operating at a capacity of

40 comma 20040,200

barrels a day and usually purchases

26 comma 00026,000

barrels of oil from the Extraction Division and

15 comma 50015,500

barrels from other suppliers at

$ 75$75

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

115115%

of fullcosts?