8. Estimating Life Insurance Needs Using the DINK Method. You are a dual income, no kids family. You and your spouse have the following debts:

Mortgage = $180,000; Auto loan = $10,000; Credit card balance = $2,000, and other debts of $6,000. Further, you estimate that your funeral will cost $4,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? (Obj. 2)