Problem $2-40$ Algo $($Analytics in Operations Management$)$

What is the average value of a loyal customer $($VLC$)$ in a target market segment if the average purchase price is $$50$ per visit, the frequency of repurchase is every month, the contribution margin is $25\%,$ and the average customer defection rate is $28\%?$ If a continuous improvement goal is set of a $25\%$ defection rate next year and $21\%$ two years from novi, what are the revised VLCs over their average buying life? Do not round intermediate calculations. Round your answers to the nearest dollar:

For defection rate $=28\%,VLC=$$

For defection rate $=25\%,VLC=$$

For defection rate $=21\%,VLC=$$