Company Centennial has two divisions. The forcasted details of operations is shown below for the upcoming month. Division A Division B Location Canada Ireland Tax rates 35% 15% Variable costs per unit 70 50 Transfer price (internal) ? Selling price 300 Fixed costs 65,000 20,100 Units transferred internally (no ending 2,000 inventory for both divisions) Required: a) What transfer price should be sset for the company to minimize its total income taxes? Show your calculations and explain the reason. 2 marks b) If the company desires to minimize its total income taxes, calculate the amount of tax liability in each division. 6 marks c) What impacts on the behaviours or attitudes might occur within divisions if the company adopts this transfer price. 2 marks Total 10 marks