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Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution margin is 0.27 , the purchase price is $60,000,

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Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution margin is 0.27 , the purchase price is $60,000, the repurchas frequency is every three years, and the customer defection rate is 23 percent. Do not round intermediate calculations. Round your answer to the nearest dollar

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