Multiple Choice
Find out the customer lifetime value using the following information and a discount rate of 15%.
Average Annual Sales = $287,000 (treat the average sales as annuity)
Average Profit Margin = 16%
Expected Lifetime in Years = 19
A) $253,024
B) $45,920
C) $287,000
D) $284,623
E) Do not have enough information to compute
Correct Answer:
Verified
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