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Masani: Attempt 1 1=0&d. Michelle is calculating their average customer lifetime value using the standard CLV formula. She estimates her retention rate to be 50%

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Masani: Attempt 1 1=0&d. Michelle is calculating their average customer lifetime value using the standard CLV formula. She estimates her retention rate to be 50% per year. On average customers will purchase $150 worth of goods per year that cost Minette $80 to purchase from her supplier. Using a 4% annual discount rate, calculate CLV for Minette. Do NOT Round at any point. $64.81 $138.89 $75 None of the above

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