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Rocky Pines golf course is planning for the coming season. Investors would like to earn a 1 2 % return on the company's $ 4
Rocky Pines golf course is planning for the coming season. Investors would like to earn a return on the company's $ comma comma of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $ comma comma for the golfing season. About comma golfers are expected each year. Variable costs are about $ per golfer. Rocky Pines golf course is a priceminustaker and won't be able to charge more than its competitors who charge $ per round of golf. What profitloss will it earn as a percent of assets? Round the percent to two decimal places.
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