I need help solving the below problem

Homework: 5-3 MyFinanceLab: Assignment: Module Five Homework Hw Score: 0%, 0 of 6 pts 1 of 6 (1 complete) Score: 0 of 1 pt Question Help Problem P9-3 (similar to Joetta Hernandez is a single parent with two children and earns $38,300 a year. Her employer's group life insurance policy would pay 2.5 times her salary. She also has S51,067 saved in a 401(k) plan, $4,256 in mutual funds, and a $2,553 CD. She wants to purchase term life insurance for 15 years until her youngest child is self-supporting. She is not concemed about her outstanding mortgage, as the children would live with her sister in the event of Joetta's death. Assuming she can receive a 4 percent after-tax, after-inflation return on insurance proceeds, use the earnings multiple method to calculate her insurance need. How much more insurance does Joetta need to buy? What other information would you need to know to use the needs approach to calculate Joetta's insurance coverage? Click on the table icon to view the PVIFA table EEB Assuming she can receive a 4 percent after-tax, after-inflation return on insurance proceeds and using the earnings multiple method, Joetta's insurance need is $(Round to the nearest dollar.) Data Table Present Value of an Annuity of $1 (PVIFA) 1.859 1.808 3.2403.170 3.890 3.791 4.4864.355 5.0334.868 5.5355.335 5.9955.759 4.329 5.389 5.971 5.206 6.472 7.32 6.463 7.6 6.247 7.43 9471 8.306 8.863 9.394 9.899 6.805 6.495 6.814 7.487 7.103 7.786 7.367 9.78 10.575 11.348 12.106 12.849 13.578 14.292 14.992 15.678 16.351 17.011 17.658 18.292 18.914 19.523 22.396 27.355 31.424 7.943 8.358 8.745 9.954 7.904 8.244 12.1 9.9 8.851 8.3137.824 8.5448.022 8.7568.201 8.9508.365 9.129 8.514 9.2928.649 9.4428.772 9.5808.88 9.7078.985 9.8239 10.274 9.427 10.7579.779 10.962 9.915 11.8 12.8 13.5 10.838 11.274 11.690 12.085 12.462 12.821 14.71 12.561 9.763 10.059 0.336 10.594 10.836 11.061 11.272 11.469 11.654 12.409 13.332 13.801 13.754 14.324 9.604 17.226 20 15.41 15.937 16.444 4.451 14.857 15.247 11.764 12.042 0.017 10.201 10.371 21.24 22.023 25 32.835 13.489 13.799 14.094 15.372 7.159 18.256 12.78 13.765 11.258 23.11 19.79 15.76 12.233 50 PrintDone Enter your answer in the answer box and then click Check Answer. Check Answer Clear All