Q$1$: Shannon's Brewery currently boasts a customer base of

$1,750$ customers that frequent the brewhouse on average twice

per month and spend $$31$ per visit. Shannon's current variable

cost of goods sold is $50\%$ of sales. The customer retention rate

per month is $0\mathrm{.}79,$ based on data collected from its website and

an analysis of credit card receipts. Its current cost of capital for

borrowing and investing is about $12\%$ per year or $1\%$ per

month. What is Shannon's approximate CLV for its average

customer? Compute your answer to the nearest penny.