Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution margin is 0.27, the purchase price is $64,000, the repurchase frequency is every four years, and the customer defection rate is 26 percent. Do not round intermediate calculations. Round your answer to the nearest dollar

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Intermittent Process

The term intermittent means something which begins & stops in between at intervals which are not regular.