Splish Company started as a small business, selling ice cold lemonade at area festivals. As the

company grew, it became more decentralized. The lemon$-$press division went gangbusters, not only

providing its lemon concentrate to the lemonade division of the company but also selling its

concentrate externally to a variety of businesses. The variable cost to make one gallon of lemon

concentrate from the pressing process is $$11.$ If all production costs are considered, the cost is

$$12\mathrm{.}00$ per gallon. The current market price for a gallon of this concentrate is $$14.$

$($a$)$

Assuming the lemon$-$press division has enough capacity to meet both internal and external

demand for its concentrate, what transfer price range would be likely?

Minumum transfer price $

Maximum transfer price $