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Nordstrom, the apparel company has the following data from their annual reports. Calculate the customer lifetime value for Nordstrom. i ) Monthly revenue per customer

Nordstrom, the apparel company has the following data from their annual reports. Calculate the customer lifetime value for Nordstrom.

i) Monthly revenue per customer - $87

ii) Profit per customer 23.1%

iii) Customer Retention Rate 82%

iv) Cost of doing business 5.2%

v) Expected customer lifetime 11 years

What is the profit for customer lifetime?


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