Use the following information to answer questions 10-13: David, age 45 , wants to retire at age 60. He currently makes 560,000 per year and does not expect any pary increases but eqpects to receive a cost-of -living increase equal to inflation. He has an objective to replace bo\%s of his pre-retirement income. He wants the retirement income to be inflation adjusted. His portfolio is currently valued at $150,000 and earning 10% per year. David expects inflation to average 3% and expects to live untal age 90 . He saves 7% of his gross incorne at each year-end and exects to continue this level of savings. David wants to ignore Social Secunty. How much capital will David need at age 60? (What is his Number) Selectone: a. 5911.685 b. $946,931 a. 91,111.685 d. 51.27+,685 er 31,911,685