Juan, a 40 -year-old salesperson, earns $95,000 per year and plans to work until age 67. He is married to Fran and has two children. He expects his annual salary increases to be equal to the inflation rate of be 3%, and their average tax bracket (state and federal) is 25%. Juan estimates that 15% of his after-tax income is used for personal consumption, and that his family could invest the death benefit proceeds at 5%. Based on the Human Life Value approach to life insurance needs analysis, how much life insurance should Juan purchase? (Answer with a positive number, round to the nearest dollar)