You are forty-five years old and will receive a salary of $70,000, which is expected to grow at 1%. Your taxes are at 35% and will continue to be for the rest of your life. You will retire at sixty-five and expect to live until you are ninty years old. You have estimated your subsistent consumption to be about $20,000 per year. Assuming that the aftertax real valuation rate is v = 2% per year, what is the amount of life insurance coverage that you need if you use the human-capital approach?