Using the "Human Life Value" method, how much life insurance should you purchase if you take into account 3% annual inflation over the next 45 years until retirement, an annual income of $65,100 received at the start of each years, and a time value of money of 9%? (Assume 100% income replacement and a marginal tax rate of 15%)

*Round the adjusted rate of return to two decimal places when expressed as a %*

a) $1,301,325

b) $1,588,939

c) $1,545,823

d) $1,272,027