Ms.Daphne, age 35, is a single parent with a 1-year old son She earns RM60,000 a year as a marketing officer. She is worried for the financial well-being of her son in the event something happens to her and wishes to ensure that the son has income support of RM3,000 per month till he reaches age 18. Assume a discount rate of %. She has the following financial needs and objectives. Funeral costs and uninsured medical bills RM10,000 Pay off mortgage on home Pay off car loan and credit card debts RM150,000 RM15,000 College education fund for son RM150.000 Ms.Daphne has the following financial assets: Current account RM2,000 Unit trusts Private Retirement Scheme RM8,000 RM25,000 Individual life insurance RM25,000 Stocks RM90,000 a. What is the amount of capital to generate regular income needs for Ms Daphne's son? Assume a capital liquidation method. b. What is the lump sum capital needs to be settled in the event of Ms. Daphne's sudden death? c. What is the total amount of capital that Ms Daphne needs in the event of her sudden death? How much additional life insurance, if any, should Daphne purchase to meet her financial goals based on the needs approach? d. Based on the above, use the capital preservation method to compute the additional life insurance needed for Ms Daphne