Exercise 15-26 (Algo) Evaluate Transfer Pricing System (LO 15-2, 3) Seattle Transit Ltd. operates a local mass transit system. The transit authority is a state governmental agency. It has an agreement with the state government to provide rides to senior citizens for 63 cents per trip. The government will relmburse Seattle Transit for the *cost of each trip taken by a senior citizen. The regular fare is $3.30 per trip. After analyzing its costs, Seattle Transit figured that with its operating deficit the full cost of each ride on the transit system is $5.30. Routes, capacity, and operating costs are unaffected by the number of senior citizens on any route. Required: b. Which price would Seattle Transit prefer? (Round your answer to 2 decimal places.) c. Which price would the state government prefer? (Round your answer to 2 decimal places.) d. If Seattle Transit provides an average of 163,000 trips for senior citizens in a given month, what is the monthly value of the difference between the prices in full capacity? b. Price Price d. Difference per trip per trip per month