A life insurance company has estimated capital requirements for each of the following risk classes: asset risk-affiliate (CO) = $2 million, asset risk-common stock (Clcs) = $5 million, asset risk-other investments (C10) = $1.5 million, insurance risk (C2) = $4 million, interest rate risk (C3a) = 3.5, credit risk (C3b) = 2.5, and market risk (C3c) = $1 million, and business risk (C4a) = $3 million, and administrative expense risk (C4b) = 0.5 million. a. What is the required risk-based capital for the life insurance company? b. If the total surplus and capital held by the company is $12.45 million, does it meet the minimum requirements? c. How much capital must be raised to meet the minimum requirements