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Q6. Members of Goodlife Gym pay on average $30 once per month in the gym. Variable cost such as towels, soap and shampoo, and disinfectant associated with each customer is $7 per month. a) GoodLife's retention rate is 93% per year. What is the CLTV of a Goodlife's costumer if an annual rate of interest is 8%? (Hint: use the Traditional formula) (1 mark) b) Find alTV if a customer is expected to stay for 4 years. Use the Easy method. (1 mark) c) Find the CLTV using the Simple formula if the retention rate is 93%. (1 mark)