Philadelphia Swim Club is planning for the coming year. Investors would like to earn a?10%…

Philadelphia Swim Club is planning for the coming year. Investors would like to earn a_10% return on the_company's $ 38 comma 000 comma 000$38,000,000 of assets. The company primarily incurs fixed costs to maintain the swimming pools. Fixed costs are projected to be $ 12 comma 900 comma 000$12,900,000 for the year. About 550 comma 000550,000 members are expected to swim each year. Variable costs are about $ 14$14 per swimmer. Philadelphia Swim Club is a priceminus_taker and_won't be able to charge more than its competitors who charge $ 38$38 for a membership.

Philadelphia Swim Club is planning for the coming year. Investors would like to earn a_10% return on the_company's $ 38 comma 000 comma 000$38,000,000 of assets. The company primarily incurs fixed costs to maintain the swimming pools. Fixed costs are projected to be $ 12 comma 900 comma 000$12,900,000 for the year. About 550 comma 000550,000 members are expected to swim each year. Variable costs are about $ 14$14 per swimmer. Philadelphia Swim Club is a priceminus_taker and_won't be able to charge more than its competitors who charge $ 38$38 for a membership. What profit will it earn as a percent of_assets?

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