BlackGold Corp. has two divisions, Refining and Production. The company's primary product is Clean Oil. Each division's costs are provided below: (Click the icon to view each division's costs.) The Production Division is able to sell the oil to other areas for $24 per litre. The Refining Division has been operating at a capacity of 80,000 litres a day, using oil from the Production Division and oil purchased from other suppliers. The Refining Division usually purchases 50,000 litres of oil, on average, from the Production Division and 30,000 litres, on average, from other suppliers at $40/ litre. What is the transfer price per litre from the Production Division to the Refining Division, assuming the method is 120% of full costs? Round to the nearest cent. A. $12.50 B. $7.20 C. $16.80 D. $9.50 E. $12.00