The Heating Division of Kobe International produces a heating element that it sells to its customers for $48 per unit. Its variable cost per unit is $21, and its fixed cost per unit is $6. Top management of Kobe International would like the Heating Division to transfer 14,800 heating units to another division within the company at a price of $25. The Heating Division is operating at full capacity. What is the minimum transfer price that the Heating Division should accept?

Minimum transfer price: $