Monica and Chandler are married, and each earns $75,000 in their job. They have the following debts: . mortgage: $180,000 auto loan: $10,000 . credit card balance: $6,000 In the event of one of their premature deaths, they would like to provide the following: Pay off all family debts. Provide cash for a readjustment period equal to 50% of the deceased spouse's income. Start a college fund in the amount of $100,000 for their unborn child. Provide 50% of the family income during the dependency period (until their unborn child reaches age 18). Pay for the funeral costs, estimated to be $15,000. Their respective employer provides 1.5 times annual income in group term life insurance, and the couple has $50,000 invested in a brokerage account. Using the family need method, what is Monica's life insurance need? . O $112,500 $1,698,500 O $1,536,000 $1,438,000