Question 8 (4 points) Saved You are assisting your client, Selena Hermione, with her retirement planning. Selena would like to have retirement income of 85% of her current salary of $110,000. Selena is currently 30 years from retirement and is planning for 20 years in retirement. She currently has a retirement fund of $200,000. You are allowing for inflation of 2.5% annually and expect to earn an 8% after-tax return. Adjusting for inflation, how much income will Selena need to provide for her first year of retirement? 196,123 110,000 178,293 93,500 213,952