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point(s) possible Rocky Pines golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $48,000,000

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point(s) possible Rocky Pines 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 $21,000,000 for the golfing season. About 420,000 golfers are expected each year. Variable costs are about $18 per golfer. Rocky Pines 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 the course charge for a round of golf? (Round the final answer to the nearest cent.) OA. $68.00 OB. $81.71 OC. $18.00 D. $128.00

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