Question: Question 17 (3 points) [Pricing] Mountaintop golf course is planning for the coming season. Investors would like to earn a profit of $5,640,000 [a 12%

Question 17 (3 points) [Pricing] Mountaintop golf course is planning for the coming season. Investors would like to earn a profit of $5,640,000 [a 12% return on the company's $47,000,000 of assets). About 420,000 golfers are expected each year, with projected FC's of $22,000,000 and VC's of $17 per golfer. Its competitors charge $79 per round of golf. The Mountaintop golf course is a price-taker. What prolit will it earn in terms of dollars? $18,320,000 ($4,040,000) $4,040,000 ($22,000,000)

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