5) Assume that a customer shops at a local grocery store spending an average of $500 a week, resulting in the retailer earning a $120 profit each week from this customer. Assuming the shopper visits the store all 52 weeks of the year, calculate the customer lifetime value (CLV) if this shopper remains loyal over a 5-year lifespan. Also, assume a 7 percent annual interest rate and no initial cost to acquire the customer. Report the CLV after rounding to the nearest dollar. Show the steps in your computations below: (2 points)