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Newlyweds Carolyn and John purchased a bedroom set from Macs Furniture for $11,662 . Over the following five years, they returned to Macs to buy
Newlyweds Carolyn and John purchased a bedroom set from Macs Furniture for $11,662. Over the following five years, they returned to Macs to buy nursery furniture for their soon-to-be first-born child for $3,213 and then to buy a childs bedroom set for $6,404 when that child turned two. Macs margin on all bedroom sets and furniture is 21%. Calculate Carolyn and Johns CLV over the entire five-year horizon including their initial purchase.
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