Anna and Mike are considering their life insurance options. They both make about $50,000/year. In the event that something happens to one of them, they figure they will need to cover the other person's salary at 80% for 10 years. Anna and Mike do NOT participate in Social Security. They are doing a needs-based approach and want to include $5,000 in final costs to cover the funeral arrangements and $10,000 for readjustment period needs. Based on the needs-based approach, what face value of life insurance is needed? [Assume that Anna and Mike have no other resources to put toward this need and that they would invest the life insurance proceeds in an account returning 4% annually.]