You are considering developing an 18-hole championship golf course that requires an investment of $17,000,000. This investment cost includes the course development, club house, and golf carts. Once constructed, you expect the maintenance the players. The cart fee per player is $14, and 40.000 rounds of golf are expected per year. You will own and operate the course complex for 5 years and expect to sell it for S23,000,000. What is the greens fee per round that will provide a retum , in the . selling of on investment of 13%7 Assume that the greens fee will be increased at an annual rate of 4%. Click the icon to view the interest factors for discrete compounding when i=4% per year. Click the icon to view the interest factors for discrete compounding when i=13% per year. The greens fee that will provide a return on investment of 13% is Sper round. (Round to the nearest cent.) You are considering developing an 18-hole championship golf course that requires an investment of $17,000,000. This investment cost includes the course development, club house, and golf carts. Once constructed, you expect the maintenance the players. The cart fee per player is $14, and 40.000 rounds of golf are expected per year. You will own and operate the course complex for 5 years and expect to sell it for S23,000,000. What is the greens fee per round that will provide a retum , in the . selling of on investment of 13%7 Assume that the greens fee will be increased at an annual rate of 4%. Click the icon to view the interest factors for discrete compounding when i=4% per year. Click the icon to view the interest factors for discrete compounding when i=13% per year. The greens fee that will provide a return on investment of 13% is Sper round. (Round to the nearest cent.)