Beta Corporation has two divisions, Refining and Extraction. The company's primary product is Lucky 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?

Group of answer choices

$19.00

$20.90

$55.00

$99.00