Philadelphia Swim Club is planning for the coming year. Investors would like to earn a 10% return on the company's $40,000,000 of assets. The company primarily incurs fixed costs to maintain the swimming pools. Fixed costs are projected to be $12,500,000 for the year. About 530,000 members are expected to swim each year. Variable costs are about \$10 per swimmer. Philadelphia Swim Club is a price - taker and won't be able to charge more than its competitors who charge $39 for a membership. What profit will it earn in terms of dollars? A. $2,870,000 B. $7,729,961 C. $(2,870,000) D. $12,500,000
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