Suppose you are 20 years old and expect to work until age 65. You earn $110,306 per year. You expect inflation to be 1.48% over your working life, and the risk-free discount rate is 3.56%. Your personal consumption is equal to 9.25% of your after-tax earnings. You are married filing jointly and face a combined federal and state marginal tax rate of 20%. According to the human life value method, how much do you need in life insurance