Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 32 years and anticipate they will need funding for an additional 22 years. They determined that they would have a retirement income of $49,000 in today's dollars but that they would actually need $66,531 in retirement income (in today's dollars) to meet all of their objectives. a. What is their annual shortfall at retirement assuming inflation of 3 percent per year? Click on the table icon to view the FVIF table: LOADING.... b. At the time that they retire, how much additional amount must they have accumulated to fund their retirement needs, assuming 3 percent inflation and a rate of return of 6 percent? Click on the table icon to view the PVIFA table: LOADING.... c. Calculate the additional amount that Peter and Blair must save each year for the next 32 years if they wish to completely fund their income shortfall. Click on the table icon to view the FVIFA table