Pat estimates that $65,000 is seen as sufficient wealth to meet his familys needs after his death. Currently, the family has $900,000 in total assets, including bank savings, securities investment, house, cars, etc. The family currently has $230,000 total liability (e.g., mortgage payoff, auto loan, credit card balance), $155,000 cash needs (e.g., emergency fund, educational fund, and final expenses), and $145,000 non-income-producing capital. Ignore any other potential capital resources or needs, e.g., Social Security benefits. Assuming a 6% rate of return, how much life insurance does the Capital Retention Approach suggest? (Supplement reading/example is available at Module 4--> Life Insurance-->Reading). Again, please show all your work and calculations so you can receive partial credit even if you make a mistake.