AP 10.1 Alonzo plans to retire at age 67. His current expenses are $40,000, and he expects 3 percent inflation from now until retirement. (Exclude commas from your Q1: Attempt : 3 of 3 Points Available: 10 Q 1.a: Use the replacement ratio method to estimate Alonzo's pretax retirement income needs in the first year of retirement, assuming that he is now 22 years old and will need to replace 80 percent of his final salary. AS