Your client is a 25-year-old professional. His investments will have an average return of 8%; Average inflation is 3.0%. He will withdraw money in retirement at the beginning of each year of retirement (45 years from today). 1. Your client is comfortable today with $140,000 per year. He plans to retire in 45 years and be retired for 25 years. How much will he need the first year of retirement to live like $140K today?