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PLEASE EXPLAIN WITH FORMULAS, TRYING TO LEARN THE CONCEPTS. THANK YOU. The Greensleeves Garden Equipment Company sells and services lawnmowers. The service department manager has

PLEASE EXPLAIN WITH FORMULAS, TRYING TO LEARN THE CONCEPTS. THANK YOU.

The Greensleeves Garden Equipment Company sells and services lawnmowers. The service department manager has determined that the average lawnmower purchaser brings the lawnmower in for service once a year, at the beginning of the mowing season, for 6 years. Greensleeves charges $70 for the annual tuneup, which costs Greensleeves $33 in parts and labor to perform. Estimate the CLV of the service component of a lawnmower purchaser, using the average number of payments approach. 0 Currency (US)

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