What would be the amount of life insurance necessary for the client below (in Q10) if we were to use the capitalization of earnings method? (Hint: Use 4 decimals for the inflation-adjusted rate (if in % form). When in decimal form, use 6 decimals (e.g., 2.1234% is .021234))

a $855,598

b. $900,000

c. $1,500,000

d. $1,477,442

DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION