Using the financial needs approach and assuming the following expenses, what is the minimum amount of life insurance Michelle should have today to protect the family? Round your answer to 2 decimal places. Final expenses of $16,008 Annual childcare costs of $13,841 per year for 10 years College funding for Beau ($62,721) and Elizabeth ($58,202) Mortgage of $225,000 Auto loans of $43,000 Student loans of $50,500 Credit card debt of $550 Return on the invested money is 9% The expected inflation rate is 3% Emergency fund need of roughly $23,064 ($30,564 need - $7,500 cash)