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5.00 points Weller Industries is a decentralized organization with six divisions. The company's Electrical Division produces a variety of electrical items including an X52 electrical fitting. The Electrical Division (which is operating at capacity) sells this fitting to its regular customers for $13.00 each; he fitting has a variable manufacturing cost of $9.05. The company's Brake Division has asked the Electrical Division to supply it With a large quantity of X52 fittings for only $8.70 each The Brake Division, which is operating at 60% of capacity will put the fitting into a brake unit that it will produce and sell to a large commercial airline manufacturer. The cost of the brake unit being built by the Brake Division follows 38.00 Electrical Mtting X52 8.70 21.10 Other variable costs Fixed overhead and administration 2.00 $79.80 Total cost per brake unit Although the $870 price for the X52 fitting represents a substantial discount from the regular $13.00 price, the manager of the Brake Division believes that the price concession is necessary if his division is to get the contract for the airplane brake units. He has heard through the grapevine' that the airplane manufacturer plans to reject his bid if it is more than $80.05 per brake unit. Thus, if the Brake Division is forced to pay the regular $13.00 price for the X52 fitting. it will either not get the contract or it will suffer a substantial loss at a time when it is already operating at only 60% of capacity The manager of the Brake Division argues that the price concession is imperative to the Wi of both his division and the company as a whole. ell-being Weller Industries uses return on investment (ROI) to measure divisional performance. Required: 1. Assume that you are the manager of the Electrical Division. a. What is the minimum transfer price you will charge to supply the X52 fitting to the Brake Division? (Round your answer to 2 decimal places Transfer price