Tim and Delilah have two children (twins). They anticipate that the children will begin college in 14 years. They would like to have $150,000 on hand on the day they begin college, in order to fund the childrens' education. Tim works full time (Delilah is not currently employed) and earns $100,000 per year. Based on an 8.5% rate of interest, how much life insurance death benefit coverage would Jim need to cover just the education portion of his family's needs? \begin{tabular}{c} $470,010.54 \\ \hline$801,009.67 \\ \hline$47,871.27 \\ \hline$150,000.00 \end{tabular}