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Mountaintop golf course is planning for the coming season, Investors would like to earn a 12% return on the company's $47,000,000 of assets. The company

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Mountaintop golf course is planning for the coming season, Investors would like to earn a 12% return on the company's $47,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways, Fixed costs are projected to be $20,000,000 for the golfing season. About 440,000 golfers are expected each year. Variable costs are about $17 per golfer. Mountaintop golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. Using a cost-plus approach, what price should Mountaintop charge for a round of golf? O A $75.27 B. $119.64 C. $17 D. $62.45

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