Suppose you are $21$ years old and expect to work until age $64.$ You earn $$53,244$ per year. You expect inflation to be $3\%$ over your working life, and the risk$-$free discount rate is $2\%.$ Your personal consumption is equal to $34\%$ of your after$-$tax earnings. You are married filing jointly and face a combined federal and state marginal tax rate of $23\%.$ What is your expected life insurance needs according to the human life method?

$[$Round the final answer to the nearest cent$]$