Question
Skinny Foods, Inc. is a meal delivery service that delivers a months worth of low- fat, low-calorie meals to your door to aid you in
Skinny Foods, Inc. is a meal delivery service that delivers a months worth of low- fat, low-calorie meals to your door to aid you in your weight loss efforts. Customers can cancel their subscriptions at any time. Skinny Foods charges $339 per month for this service. Variable costs are $199 per customer per month, and per-customer marketing spending amounts to $24 a year. The attrition rate is 8% a month. Calculate the CLV of a customer that Skinny hopes to acquire if the annual discount rate is 16%.
Please show the work as I'm trying to learn the concept
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