Also, please find the customer lifetime value.

Assume that a customer shops at a local grocery store spending an average of $150 a week, resulting in a retailer profit of $20 each week from this customer. Assuming the shopper visits the store all 52 weeks of the year, calculate the customer lifetime value if this shopper remains loyal over a 10 -year life span. Also assume a 4 percent annual interest rate and no initial cost to acquire the customer. Hint: Use the formula for Net Present Value (NPV) to calculate customer lifetime value. The customer yields s per year in profits for this retailer. (Round to the nearest dollar)