Show the step please

Cedar Corporation has been producing and selling 30,000 caps a year. The company has the capacity to produce 40,000 caps with its present facilities. The following information is also available: Edmans Company has contacted Cedar about purchasing 12,000 units at $24 each. A new customer who wants 20,000 units (all or nothing) right now also contacted Cedar, Cedar has to reduce its existing sales when selling either to Edmans or to the new customer. For the new customer, variable selling and administrative costs would not be incurred. Unfortunately, Cedar cannot sell both to Edmans Company and the new customer. What is Cedar's minimum price to accept the offer from the new customer (instead of Edmans company)? A $29.50 B $23.50 C $20.00 D $22.40 E None of the above