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. 0/2pt Question 8 ALl | Correct Answers Although Joe is interested in the defined benefit offered by UM, he would also like to consider taking a lump sum with the first payment coming one year from today. If his life expectancy is 25 years from today and the prevailing market rate is 8.0%, what should the lump sum be if the annual defined benefit is $40,0007? NOTE: The answer to the prior problem is NOT $40,000, but | am asking you to assume it is that answer. 421,150.33 426,991.05 (with margin: 1,000)