There are 500,000 customers in the beginning of 2021. Among those, 80% the customers were retained by the end of 2021. The average revenue from a retained customer was $100/year. The average revenue from a lost customer was $40/year. The average revenue from a new customer was $50/year. The company acquired 80,000 new customers in 2021.
What will be the overall revenue if the company can raise retention rate to 90% in 2022