Arlie is currently age 65 and about to retire. He has accumulated $1.539,600 in his 401(k) and would like to know what amount he could withdraw at the beginning of the first year of retirement if the purchasing power of the withdrawals will be maintained during retirement. Arlie expects to continue to earn 6% on his investments, assumes inflation will be 3%, and expects to live to age 85. Which of the following is the amount of the first-year distribution? $99.746 $134.229. $76,980 $126.631.