Suppose that you earn $$50,000$ annually. You expect expenses to drop by $22\%$ for your family in the eventof your death. Currently, if you die, you want to provide for your family for at least $15$ more years, and theapplicable after$-$tax and inflation return assumed is $5\%.$ Using the earnings multiple approach provided inyour textbook, what would be the amount of life insurance that you should purchase?