Problem $2-39$ Algo $($Analytics in Operations Management$)$

Question $3$ of $7*$

Hint$($s$)$ Check My Work

Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution margin is $0\mathrm{.}30,$ the purchase price is $$63,000,$ the repurchase frequency is every four years, and the customer defection rate is $24$ percent. Do not round intermediate calculations. Round your answer to the nearest dollar.