Eastern Motors Auto Dealership wanted to estimate the average CLV over a 5 year time horizon of a customer who purchases a new vehicle. The average vehicle sells for $24,600 and has a margin of 10%. Based on historical averages, 84% of people buying a new vehicle at Eastern will return for service 11 times over the next 5 years. Though it varies considerably, Eastern generates approximately $145 in margin on each service visit after accounting for parts and direct labor costs.

What is the total estimated CLV over a 5 year time horizon for someone who purchases a new vehicle at Eastern Motors?