Samuel Survivor is planning to save for retirement 35 years from now. He expects to live 25 years beyond that, and would like an annual retirement income of $38,500 after tax of 30%. What is the lump sum needed to fund retirement, at an expected annual return of 11.29%? A. $357,888 B. $319,561 C. S456,515 D. $479,118 E. None of the above

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