Mount SnowMountSnow

operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 16 %16%

return on investment on thecompany's$ 109 comma 375 comma 000$109,375,000

of assets. The company primarily incurs fixed costs to groom the runs and operate the lifts. Mount SnowMountSnow

projects fixed costs to be $ 35 comma 000 comma 000$35,000,000

for the ski season. The resort serves about 700 comma 000700,000

skiers and snowboarders each season. Variable costs are about $ 12$12

per guest.Currently, the resort has such a favorable reputation among skiers and snowboarders that it has some control over the