Question: 48 only ONE best answer should be selected. Jack spent $20/month subscribing to our monthly service, and the monthly maintenance cost to serve Jack is

48 only ONE best answer should be selected. Jack spent $20/month subscribing to our monthly service, and the monthly maintenance cost to serve Jack is $2. Assuming the constant discount rate for each month is 10%, and the constant retention rate each month for keeping Jack with us is 80%, how much is Jack's customer lifetime value? A. $48 B. $5.33 C. $53.3 D. $1.18 E. None of these is correct

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