Mr. Jones is contemplating retirement. He has just celebrated his 55 birthday and his net worth is $2.0 million. He hopes that after retirement he can maintain a lifestyle that costs him $90000 per year in today's dollars (.e., real dollars, inflation adjusted). For simplicity, assume that all expenses occur at the end of each year; the first expense of $90000 will happen one year from now. If he retires, he will invest all his net worth in government bonds that yield a safe nominal annual return of 5.0%. Inflation is expected to be 2.0% per year. (a) If Mr. Jones lives until he is 80, what is the present value of his living expenses? $ Is he rich enough to retire today? Select an option (b) If Mr. Jones lives until he is 100, what is the present value of his living expenses? $ Is he rich enough to retire today? Select an option