Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for their family, which includes two children, ages $5$ and $12.$ They have determined that their annual income is $$60,000$ and their net worth is now $$150,000.$ What is the amount of life insurance they should carry using the "Nonworking" Spouse Method?

Question $20$Select one:

a$.$

$$600,000$

b$.$

$$130,000$

c$.$

$$294,000$

d$.$

$$260,000$

e$.$

$$735,000$