Kindly go through the case: Case Study: Relate to the Inger family: father (Peter), mother (Hilda), son (Hans), and daughter (Christa) and her child (Jrgen). Peter is the founder and majority owner of Inger Marine. Christa estimates that her revised annual living expenses, including a new studio and apartment, will average 132,500 (excluding Jrgen's educational costs). If necessary, she could combine her apartment and studio to reduce spending by 32,500. She does not want her financial security to be dependent on further gifting from her parents and is pleased that, after the sale of Inger Marine, she will be able to meet her new living expenses with proceeds from art sales (50,000) and the expected total return of the proposed investment portfolio (82,500). Because of the uncertainty of art sales, Christa plans to establish an emergency reserve equal to one year's living expenses. Her after-tax proceeds from the sale of Inger Marine are expected to be 1,200,000 (1 - 0.15) = 1,020,000. She also holds 75,000 in balanced mutual funds and 25,000 in a money market fund. Christa intends to reevaluate her policy statement and asset allocation guidelines every three years. 4.3 Test your Knowledge (Question): Discuss Christa's liquidity requirements.? Determine Christa's return requirement and evaluate whether her portfolio can be expected to satisfy that requirement if inflation averages 3 percent annually and she reduces her annual living expenses to 100,000 by combining her apartment and studio