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Mountain Water Park is planning their budget for the year. Owners would like to earn a 15% return on the company's $500,000 of assets. Fixed

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Mountain Water Park is planning their budget for the year. Owners would like to earn a 15% return on the company's $500,000 of assets. Fixed costs are budgeted to be $250,000 for year. 200,000 total daily visits are expected each year. Varlable costs are about $10 per daily visit. Mountain Water Park has a favorable reputation in the area given the great mountain views and thriling waterslides and therefore, has some control over the price of admission. Visitors pay single admission fee for a day's worth of access to the park. Based on their budget and goals, how much should they charge per daily admission ticket? Round your answer to the nearest cent (e.g., 1.23)

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