Saved Question 9 (5 points) 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. How much capital will she need at retirement to fund those living expenses? She plans to take annual withdrawals at the BEGINNING of cach year. Please allow for an annual cost of living increase. $2,200,000 $2,724,241 $1,870,000 $2,083,121 $2,497,221