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

$23,000,000

for the golfing season. About

450,000

golfers are expected each year. Variable costs are about

$16

per golfer. Mountaintop golf course is a

priceminustaker

and won't be able to charge more than its competitors who charge

$125

per round of golf. What profit will it earn as a percent of assets?

A.Loss of

85.33%

B.Loss of

54.27%

C.Profit of

158.94%

D.Profit of

54.27%