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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 a12% return on the company's $ 46 comma 000 comma 000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $ 25 comma 000 comma 000 for the golfing season. About 420 comma 000 golfers are expected each year. Variable costs are about $ 17 per golfer. Rocky Pines golf course is a priceminustaker and won't be able to charge more than its competitors who charge $ 116 per round of golf. What profit(loss) will it earn as a percent of assets? (Round the percent to two decimal places.)
Question content area bottom
Part 1
A.
Profit of 36.04%
B.
Loss of 36.04%
C.
Loss of 94.42%
D.
Profit of 143.12%

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