Division L at Reiner Ltd. manufactures 16641 units of part #70, which it currently sells to outside customers. Selected data for part #70 are given below: Unit selling price to outside customers $89.53 Variable production cost per unit 54.35 Variable selling and administrative expense per 11.49 unit Total fixed production cost (based on a capacity $380000 of 19437 units per year) Division K at Reiner Ltd. currently purchases 7280 units of part #70 from an outside supplier at a price of $96.00. Consideration is being given to buying internally rather than from the outside supplier. If an internal transfer takes place, it has been determined that variable S&A expense would be cut by one quarter for any sales made to Division K. What is the lowest acceptable transfer price from the perspective of Division L? Select one: O a. $68.94 O b. $96.00 O c. $86.66 O d. $77.56