8) You are an investment advisor who has been approached by a client for help on his financial strategy. The client currently has $1100 in his retirement account. He plans to retire 27 years from now. How much money would he need to save each year for the next 27 years to be able to withdraw $120,000 a year for 25 years after his retirement? Assume that he will earn 6% annual return on his investments. NOTE: Provide your answers with four decimals after the dot. If your answer is 20 you must enter 20.000