You are the financial planner and Marc & Maral have come to you for recommendations.Marc & Maral earn $$206,000$ per annum now and estimate that in retirement they will need to have $$96,000$ a year after tax in future dollars. Marc & Maral now have $$310,000$ in investments and they would like to retire in $16$ years when Marc is $60.$ Their investments grow $7\mathrm{.}8\%$ annually. They imagine they will be retired for $30$ years.They are concerned about their retirement and ask how much they will have to save each year from now until retirement to fund their retirement lifestyle. At retirement, they expect to receive $$31,000$ annually before taxes at the start of the year from government programs. They also anticipate an annual real return of $4\mathrm{.}78\%$ after tax. Their tax rate at retirement will be $24\%.$ How much do they need to have saved when they retire? How much will their present savings grow by retirement? $($ignore taxes$)$ c$.$ At the start of retirement, what will the value of their after tax income from governments be$?$ d$.$ Do they have sufficient savings for their retirement and what is the shortfall or excess? considering the canadian government programs and their investments, how much do they need to save at the end of each year until retirement?