Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $48,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $20,000,000 the golfing season. About 420,000 golfers are expected each year. Variable costs are about $ 16 per golfer. The Mountaintop golf course is a pricetaker and won't be able to charge more than its competitors who charge $ 85 per round of golf. What profit will it earn in terms of dollars?

A.$(8,980,000)

B. $8,980,000

C.$22,420,000

D.$(20,000,000)