Ashton and Mila decide that they will need an annual income of $$1,000,000$ a year, payable

at the beginning of the year, when Mila retires from her job as a movie star. They approach

you, their financial planner, and ask you how much they will need to have saved in real

dollars by retirement. Mila estimates that she will live about $40$ years after she retires. She

plans to retire in $10$ years. She estimates that she will earn a $5\%$ real rate of return on her

investments savings during retirement. How much will she need by retirement?

a$.$ $$18,017,041$

b$.$ $$17,159,086$

c$.$ $$40,000,000$

d$.$ $$11,060,900$