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Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 1 5 1 5 % return on the
Rolling Hills Golf Course is planning for the coming golfing 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 season. About comma rounds of golf are expected to be played each year. Variable costs are about $ $ per round of golf. Rolling Hills Golf Course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a costminusplus pricing approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired profit? Round final answer to the nearest dollar.
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