Your independent retirement account (IRA) will provide you with $25,000 per year oince you retire. You start withdrawals from your IRA at 58 years of age (YOA). Your IRA will provide you with $25,000 continuously until you die. You are now 54 years old. You plan to withdraw from your IRA account at a conservative rate of 5% per year. This rate will preserve the principal in your account for your hi instructed your financial advisor to invest your IRA funds in investments with moderate risk that tar rate of return (ROR). a) Draw a cash flow diagram for monthly cash provided by your IRA when you turn 58 YOA. Include a unknown cash flows (for example, F= ?), all known cash flows, interest rate(s), and actual and/or 5 years NPER. (10 points) b) The capitalized cost amount you must place in your IRA by the time you are 58 YOA is closest to the following costs? Clearly circle only one answer. ( 10 points) a. $601,051.84 b. $148,360.12 c. $993,200.84 d. $408,148.94 Page 4 of 8