Julian, age 45, would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings over the next 22 years will be $40,000. Of this amount, $20,000 is available annually for the support of his family. Julian will generate this income for 22 more years and he believes that 5 percent is the appropriate interest (discount) rate. What is Julian's human life value (rounded to the nearest $100)? $440,000 $263,300 $184,600 $249,200 Julian, age 45, would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings over the next 22 years will be $40,000. Of this amount, $20,000 is available annually for the support of his family. Julian will generate this income for 22 more years and he believes that 5 percent is the appropriate interest (discount) rate. What is Julian's human life value (rounded to the nearest $100)? $440,000 $263,300 $184,600 $249,200