Q1: Assume that Shannon's decides to move forward with its loyalty/rewards program. Estimates for the cost per customer is $6.1 per month. Average customer margins, before subtracting off the cost of the loyalty/rewards programare expected to be 34.94. Assuring that Shannon's wishes to obtain a minimum CLV. of $120, what is the required retention rate that must be achieved? Assume that the interest rate is 1% per month. (NoteThis problem assures that you employ some algebra to solve the CLV formula for r) Express your answer to four decimal places es 1234. Do not express in percent form. Q2: Assume that Shannon's decides to move forward with its loyalty/rewards program. Estimates for the cost per customer are $32 per month. Average customer margins, before subtracting off the cost of the loyalty/rewards program, are expected to be 536 per customer per month with a boost in retention to 82% per month, What is the resulting clit the annual interest rate for discounting cash flows remains the same as in 01? Compute your answer to the nearest dollar Q1: Assume that Shannon's decides to move forward with its loyalty/rewards program. Estimates for the cost per customer is $6.1 per month. Average customer margins, before subtracting off the cost of the loyalty/rewards programare expected to be 34.94. Assuring that Shannon's wishes to obtain a minimum CLV. of $120, what is the required retention rate that must be achieved? Assume that the interest rate is 1% per month. (NoteThis problem assures that you employ some algebra to solve the CLV formula for r) Express your answer to four decimal places es 1234. Do not express in percent form. Q2: Assume that Shannon's decides to move forward with its loyalty/rewards program. Estimates for the cost per customer are $32 per month. Average customer margins, before subtracting off the cost of the loyalty/rewards program, are expected to be 536 per customer per month with a boost in retention to 82% per month, What is the resulting clit the annual interest rate for discounting cash flows remains the same as in 01? Compute your answer to the nearest dollar