Use the following information to answer questions 10-13: David, age 45, wants to retue at age 60. He carrently makes 560,000 per year and does not expect ary pwy increases tut ruects fo receive a cost-of -living increase equal to inflation. He has an objecive to replace aors af his pre-fetirement income. He wants the retirement income to be inflation adjusted. His portfofio is curtently valued at 5150.000 and earhing 10per year. David expects. inflation to average 3% and evpects to feve until age 90 . He saves 7 s of his gross income at each year end and eapects ta cantirsie this level of savings: David wants to ignore Social Security. What will David's annual need be at age 607 Select one: a. $70.316 b 579369 \$4 6000 d. 572741 e. 574,7