Joe plans to invest $3,000 each year in a fund for the next 40 years for retirement. His twin sister, Jane, plans to invest the same amount for the same period of time. However, Jane will invest through an employer-sponsored tax-sheltered retirement plan which is after tax money (i.e. she pays no income taxes on that annual amount). If the fund provides an 8% rate of return, how much more will Jane have in her retirement account after 40 years than Joe. How much will Jane have if she also invests the amount saved in income taxes over the 40 years? The income tax rate for each is 25%.