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At Corner Bakery, the average customer in the Young Mothers segment brings in $75 in annual margin to the firm. In turn, Corner Bakery spends

At Corner Bakery, the average customer in the "Young Mothers" segment brings in $75 in annual margin to the firm. In turn, Corner Bakery spends $26 per customer each year on retention communications. Acquiring a customer in this category costs the Corner Bakery an average of $66. Corner Bakery's retention rate for these customers is 78%. If the company maintains a discount rate of 11%, calculate customer lifetime value for 1 "Young Mothers" customer. Rounding: penny. Remember, the answer may be negative. PLEASE SHOW HOW YOU GOT EACH STEP OF THE PROBLEM, NOT USING EXCEL.

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