The next four questions are based on calculation of customer lifetime value. Please read the following paragraph and complete the questions that follow:

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 annual revenue per customer?