Sunjay is trying to calculate the customer lifetime value for a particular segment of customers using the CLV formula from his textbook. Based on historical information, he knows that the retention rate for this segment is fairly consistent at $85\%.$ His average margin per sale is $$20,$ and each customer buys, on average, $15$ products per year. He decides that a $5\%$ discount rate makes the most sense. What is the CLV for a typical customer in this segment?

Question $4$ options:

$$1,275$

$$1,350$

$$300$

$$1,450$

The correct answer is not listed