Conglomerate Co. has two divisions. Division A manufactures widgets while Division B manufactures woblets. In the production of widgets, one of the key components is a woblet and, hence, Division A could source its woblets temporarily directly from Division B rather than going to the external market. The following data pertains to woblets:

Sales price $60.00 per woblet Direct materials 22.00 Direct labor 10.00 Variable overhead 6.00 Allocated fixed costs 12.00

Division A has asked Division B to supply 4,000 woblets. Currently, Division B has the capacity to make 10,000 woblets annually.

If Division B is currently producing 5,000 woblets, what is the minimum transfer price per custom woblet that would permit Division B to maintain profit at current levels?