Cheryl and Terrell have been married for 35 years. Cheryl turned 71 on May 5, 2023, and had a big celebration. Terrell's 67th birthday is coming up on January 16, 2024. Cheryl has already started planning for his birthday. Cheryl is the financial guru in the family and knows to convert her Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RRIF) before December 31, 2023. She estimates that the Fair Market Value (FMV) of her RRIF on January 1, 2024, will be $792,500. She knows that her spouse's age is important in the RRIF withdrawal calculation. She estimates that Terrell's Registered Retirement Savings Plan (RRSP) investments will have a Fair Market Value on January 1, 2024, of $488,325. Based on the information Cheryl provided, what is the minimum amount she must withdraw from her RRIF amount in 2024, taking advantage of Terrell's age? Age and RRIF Factors Age RRIF Factors 65 4.00% 66 4.17% 67 4.35% 68 4.55% 69 4.76% 70 71 77 5.00% 5.28% 72 5.40% 73 5.53% 74 5.67% A