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

image text in transcribed Mountain Point 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 10% return on investmen on the company's $270,000,000 of assets. The company primarily incurs fixed costs to groom the runs and operate the lifts. Mountain Point projects fixed costs to be $31,000,000 for the ski season. The resort serves about 725,000 skiers and snowboarders each season. Variable costs are about $13 per guest. Currently, the resort has such a favorable reputation among skiers and snowboarders that it has some control over the lift ticket prices. Read the managers will have control over pricing. Of course, they still need to consider whether the price is within the range customers are willing to pay. Requirement 2. If other resorts in the area charge $92 per day, what price should Mountain Point charge? Complete the following table to calculate the price Mountain Point should charge per lift ticket

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