Annie and Harry are doing a life insurance needs analysis, and have gathered the following information:

Each of them earns the same salary amount of	$57,000
Nominal projected investment return average, per annum	7%
Inflation projection, per annum	3%
The number of years insurance money should last	35
Combined Net Worth	$62,949
CPP Survivor Benefit	$420 per month
Expected Lifestyle Expenses (after mortgage deduction)	$6,000 per month
Additional funds for emergency, vacation & taxes	$30,000
Funeral expenses	$20,000
Current group insurance coverage from employer	1 x Salary

Find the amount of additional life insurance needed.