Jenny and Lisa live in Austin, TX and have been married for 8 years. Jenny's net salary is $147,000 yearly. Lisa's net salary is $190,000 yearly. They have the following joint assets... Home (FMV) Mutual fund account $730,000 $200,000 Audi 2023 Q5 45 S line Premium quattro SUV (FMV) $53,900 GMC Sierra Limited (FMV) $40,000 Each has a retirement plan with their employer's. Jenny has $400,000 in her plan and Lisa has $620,000. Jenny and Lisa agree they want 100% salary replacement for 2 years if one of them should die. They are assuming a 6% interest rate. Jenny wants to be cremated ($7,000) and Lisa to spread her ashes in some of the places they have been camping. Lisa wants a full-on funeral with all the trimmings and burial in the nearby cemetery ($22,000). Additionally, they want to be able to pay off their home with a mortgage of $650,000, the Audi with an outstanding loan of $40,000 and the GMC Sierra with an outstanding loan of $10,000. How much life insurance would Jenny need? How much life insurance would Lisa need?