Joetta Hernandez is a single parent with two children and earns $ 35,000 a year. Her employer's group life insurance policy would pay 2.5 times her...

Joetta Hernandez is a single parent with two children and earns ​$35,000 a year. Her​ employer's group life insurance policy would pay 2.5 times her salary. She also has

​$46,667 saved in a​ 401(k) plan, ​$3,889 in mutual​ funds, and a $2,333 CD. She wants to purchase term life insurance for 15 years until her youngest child is​ self-supporting. She is not concerned about her outstanding​ mortgage, as the children would live with her sister in the event of​ Joetta's death. Assuming she can receive a

55 percent​ after-tax, after-inflation return on insurance​ proceeds, use the earnings multiple method to calculate her insurance need. How much more insurance does Joetta need to​ buy? What other information would you need to know to use the needs approach to calculate​ Joetta's insurance​ coverage?  

.

Assuming she can receive a 55 percent​ after-tax, after-inflation return on insurance proceeds and using the earnings multiple​ method, Joetta's insurance need is

​$_________?