Question 23 4 pts Your father is 55 years old and plans to retire in 12 years. After he retires he expects to live for 25 years. He wants a fixed annual retirement income that has the same purchasing power at the time he retires (12 years from today) as $120,000 has today. Inflation is expected to be 3 percent per year from today forward. What is the fixed retirement income that your father would like to receive at the beginning of each year during his retirement? a. $171,091.31 b. $251.253.35 O c. $376,611.41 O d. $412,496.32