Emmanuel (he/him/his) is a 23-year-old man living in rural Illinois. His parents grew up in Haiti and Immigrated to the United States 7 years ago. Emmanuel was the first in his family to attend a university and graduated with $20,000 in loans with an APR of 4.5%. Emmanuel started his first job with a salary of $55,000 and is trying to pay off his student loans, but he also wants to start to save money for retirement. Consider 30% tax obligations on his annual salary including federal, state and FICA taxes. Emmanuel's current company offers a 401k match of up to 7% of his salary, but he isn't sure how much he should invest, and which type of 401k will match his financial goals. He has monthly expenses total up at $2,200. Consider the financial challenges your client may face based on the details provided in their profile. 1. Please list out the financial challenges that your client currently faces. 2. Use the financial challenges you identified for your client. a. Propose improvements that should be implemented in order to meet the client's financial goals. Be very specific. Without the SMART (specific, measurable, attenable, realistic, timely) approach you will not earn points toward your final. Use TVM and calculate future expected outcomes, calculate contributions and use excel to show your work. Upload file after you complete it. b. What products would you mention to help the client address his financial needs? Use age 60 for retirement and age 82 for death