The machining division of ITA International has a capacity of 2,280 units. Its sales and cost data are:

Selling price per unit

$75Variable manufacturing costs per unit

20Variable selling costs per unit

4Total fixed manufacturing overhead

217,100

The machining division is currently selling 2,080 units to outside customers, and the assembly division of ITA International wants to purchase 400 units from machining. If the transaction takes place, the variable selling costs per unit on the units transferred to assembly will be $0/unit, and not $4/unit. What should be the transfer price in order not to affect the machining division's current profit?(Round answer to 2 decimal places e.g. 5.25.)

Minimum transfer price

$