Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $45 million 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 400,000 golfers are expected each year. Variable costs are about $15 per golfer. The Mountaintop golf course is a priceminustaker and won't be able to charge more than its competitors who charge $75 per round of golf. What profit will it earn in terms of dollars?

A.

$4,000,000

B.

$(4,000,000)

C.

$16,000,000

D.

$(20,000,000)