Peter, age 42, is married with two children in high school. He estimates that his average annual earnings over the next 20 years will be $78,650. He estimates that 13 % of his average annual earnings will be used to pay taxes, 5% for insurance premiums, and 9% to cover the costs of self-maintenance. The remainder will be used to support his family. Peter wants to calculate his human life value and believes a 6 percent discount rate is appropriate. The present value of $1 payable for 20 years at a discount rate of 6 percent is $11.47. Calculate Peters human life value. Write the calculated result in the box simply without a dollar sign, comma, decimal points, etc. Example 777423