green pastures golf course is planning for the coming season. investors would like to earn a 10% return on the company's $40 million of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $15,000,000 for the golfing season. about 400,000 golfers are expected each year. variable costs are about $20 per golfer. the green pastures golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. what price should green pastures charge for a round of golf? green pastures golf course is planning for the coming season. investors would like to earn a 10% return on the company's $40 million of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $15,000,000 for the golfing season. about 400,000 golfers are expected each year. variable costs are about $20 per golfer. the green pastures golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. what price should green pastures charge for a round of golf?
