Required:Assume each part is independent unless otherwise indicated.1. Assume that all of the dishwashers produced can be sold to external customers for $120 each. The Manufactured Housing Division wants to buy 2000 dishwashers per year. What should the transfer price be?2. Refer to Requirement 1. Assume $12 of avoidable distribution costs. Identify the maximum and minimum transfer prices. Identify the actual transfer price assuming that negotiation splits the difference.3. Assume that the Appliance Division is operating at 75 percent capacity. The Manufactured Housing Division is currently buying 2000 dishwashers from an outside supplier for $90 each. Assume that any joint benefit will be split evenly between the two divisions. What is the expected transfer price? How much will the profits of the firm increase under this arrangement? How much will the profits of the Appliance Division increase assuming that it sells the extra 2000 dishwashers internally?