Company Centennial has two divisions. The forcasted details of operations is shown below for the upcoming month. Division A Canada 45% 100 ? Division B Ireland 25% 80 Location Tax rates Variable costs per unit Transfer price internal) Selling price Fixed costs Units transferred internally (no ending inventory for both divisions) 280 50,000 100,000 3,000 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