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You are the chief operating officer at Tinsley Park Recreation Center. Your facility operates go-carts, arcade, mini golf, driving range, bumper cards, laser tag, and

You are the chief operating officer at Tinsley Park Recreation Center. Your facility operates go-carts, arcade, mini golf, driving range, bumper cards, laser tag, and batting cages. You are in the process of studying whether or not adding a golf course would be a good investment. Your investors are requiring a return on their investment within 5 years. There are three options you are investigating: a 9-hole Par 3 family-friendly course, a regulation 9-hole course for all skill levels, and a championship 18-hole golf course. The par 3 course is estimated to cost $20,000 per hole, while the 9 and 18-hole courses will cost $50,000 per hole. Your feasibility study revealed that you would see incremental cash flows of $60,000 per year for the par-3 course; $125,000 per year on the 9-hole course; and $200,000 per year on the 18-hole course

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