Stefani German, a 40-year-old woman, plans to retire at age 65, and she wants to accumulate $400,000 over the next 25 years to supplement the retirement programs provided by the federal government and her employer. She expects to earn an average annual return of about 4% by investing in a low-risk portfolio containing about 20% short-term securities, 30% common stock, and 50% bonds. Stefani currently has $48,765 that at an annual rate of return of 4% will grow to about $130,000 by her 65th birthday (the $130,000 figure is found using time value of money techniques, Chapter 4 Appendix.) Stefani consults a financial advisor to determine how much money she should save each year to meet her retirement savings objective. The advisor tells Stefani that if she saves about $24.01 each year, she will accumulate $1,000 by age 65. Saving 5 times that amount each year, $120.05, allows Stefani to accumulate roughly $5,000 by age 65. a. How much additional money does Stefani need to accumulate over time to reach her goal of $400,000? b. How much must Stefani save to accumulate the sum calculated in part a over the next 25 years? a. To reach her goal of $400,000, Stefani needs to accumulate $ (Round to the nearest dollar.)