show full calculation of b i) and ii)

b. Simon has total cash and cash equivalent resources totaling RM 300,000.00. The amount needed to cover his family income replacement need is RM 35,000.00 per annum based on a 5-year adjustment period. He also likes to contribute for donation of RM 80,000.00. On his death, the estimated cash need is totalled at RM 215,000.00. The interest rate for a fixed deposit account is 4%. i) Calculate the deficient amount based on the capital liquidation approach. [5 marks] ii) Calculate the deficient amount based on the capital conservation approach. [5 marks]