Lifetime Value You are the owner for a popular coffee shop just around the corner from the university. There are three other coffee shops in the area but to maintain your competitive edge you serve specialty coffee, teas,light sandwiches and snacks. You offer free wifi, evening entertainment from local artists, and a comfortable place to relax, study and talk with friends You have been in business for 10 years now and have calculated the following: You have an intro offer for all first year students trying and capture their purchase interest and long term loyalty Your average customer spends $7.00 per purchase and visits your location 4 times a week over two terms (8 months/32 weeks) orn average. You have done some adhoc surveys and found out that most students that visit your location, are full-time for a 5 year period. Calculate the Lifetime value of a loyal student Tip: only enter a numerical value with no decimal point