Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $45 million of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $20,000,000 for the golfing season. About 400,000 golfers are expected each year. Variable costs are about $15 per golfer. Mountain top golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. Using a costminus-plus approach, what price should Mountaintop charge for a round of golf?
A. $51.50
B. $78.50
C. $ 0.21
D. $71.00