2002 AMC 12A Problem 11

Mr. Earl E. Bird gets up every day at 8:00 AM to go to work. If he drives at an average speed of 40 miles per hour, he will be late by 3 minutes. If he drives at an average speed of 60 miles per hour, he will be early by 3 minutes. How many miles per hour does Mr. Bird need to drive to get to work exactly on time?

\text{(A)}\ 45 \qquad \text{(B)}\ 48 \qquad \text{(C)}\ 50 \qquad \text{(D)}\ 55 \qquad \text{(E)} 58

Full credit goes to MAA for authoring these problems. These problems were taken on the AOPS website.