Holiday Corp. has two divisions, Quail and Marlin. Quail produces a widget that Marlin could use in its production. Quail's variable costs are $4.20 per widget while the full cost is $7.20. Widgets sell on the open market for $12.40 each. If Quail is operating at capacity, what would be the minimum transfer price if Marlin currently is purchasing 110,000 units on the open market? Multiple Choice $5.20 $12.40 $7.20 $4.20