Youve been hired as the forensic accountant in a wrongful death case. John Smith was born January 1, 1975 and died December 31, 2018 in a motor vehicle accident. He realized the following earnings in the years prior to his death: 2014 $67,000 2015 $71,000 2016 $60,000 2017 $63,000 2018 $68,000 There were no job related expenses to consider. Consumption, taxes, and work-life probability offsets are not a factor. The employers cost of Mr. Smiths health insurance, pension, and Social Security contributions was 25% of his pay on average. Progress Mr. Smiths lost earning capacity to his full retirement age as defined by SS and reduce the future values to a present day value. Assume a nominal discount rate of 4.0%, inflation of 2.5%, and a real discount rate of 1.5%.