The machining division of Ivanhoe International has a capacity of 2,070 units. Its sales and cost data are:

	Selling price per unit		$	80
	Variable manufacturing costs per unit			20
	Variable selling costs per unit			6
	Total fixed manufacturing overhead			188,800

The machining division is currently selling 1,870 units to outside customers, and the assembly division of Ivanhoe 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 $6/unit. What should be the transfer price in order not to affect the machining divisions current profit? (Round answer to 2 decimal places e.g. 5.25.)

Minimum transfer price

$enter the minimum transfer price in dollars rounded to 2 decimal places