Question 1 of 30
A financial services firm is analyzing its client acquisition strategy and wants to measure the effectiveness of its marketing campaigns. The firm has collected data showing that in the last quarter, it spent $50,000 on digital marketing, which resulted in acquiring 200 new clients. Additionally, the firm has a retention rate of 85% for existing clients. If the average revenue generated per client per year is $1,200, what is the return on investment (ROI) for the marketing campaign, considering the expected revenue from the new clients over one year?
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