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Franklin Camps, Incorporated leases the land on which it builds camp sites. Franklin is considering opening a new site on land that requires $2,700
Franklin Camps, Incorporated leases the land on which it builds camp sites. Franklin is considering opening a new site on land that requires $2,700 of rental payment per month. The variable cost of providing service is expected to be $5 per camper. The following chart shows the number of campers Franklin expects for the first year of operation of the new site: January February March 270 330 320 April 350 May 550 June 590 July 730 August 740 September 430 October 460 November 230 December 400 Required Assuming that Franklin wants to earn $6 per camper, determine the price it should charge for a camp site in February and August. Note: Do not round intermediate calculations. > Answer is complete but not entirely correct. Price February August $ 1,920 x $ 4,440 x
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