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The board division sells its commercial products at full cost plus a 30 percent markup and believes the proprietary board made for the systems division

The board division sells its commercial products at full cost plus a 30 percent markup and believes the proprietary board made for the systems division would sell form$12 per unit on the open market. The market price of the transistor used by the systems division is $4.35 per unit. What is th minimum transfer price for the transistor division?round your answer to the nearest cent

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