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Use the Excel template VLC to estimate the value of a loyal customer for a loyal Craftsman tool buyer. Assume the contribution margin is 0

Use the Excel template VLC to estimate the value of a loyal customer for a loyal Craftsman tool buyer. Assume the contribution margin is 0.25, the purchase price is $300 for a certain set of tools, and the repurchase frequency is every five years, and the customer defection rate is 10 percent. Round your answer to the nearest cent.

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