The Molding Process at Trophy Products has been treated as a cost center since the company was founded in 1968. Recently, management decided to change the performance evaluation approach and treat its processes as profit centers. Each process is expected to earn a 20 percent profit on its total production costs. One of Trophy’s products is a plastic base for a display chest. The Molding Process supplies this base to the Cabinet Process, and it also sells the base to another company. Molding’s total production cost for the base is $27.40. It sells the base to the other company for $38.00. What should the transfer price for the plastic base be?