The Can Division of Concord Corporation manufactures and sells tin cans externally for $ 0.70 per can. Its unit variable costs and unit fixed costs are $ 0.24 and $ 0.07, respectively. The Packaging Division wants to purchase 50,000 cans at $ 0.31 a can. Selling internally will save $ 0.02 a can. Assuming the Can Division has sufficient capacity, what is the minimum transfer price it should accept?

$ 0.24

$ 0.31

$ 0.22

$ 0.29