Gary and Linda assume they will need $70,000 at the beginning of each year in today's dollars when they retire in 6 years. The couple is assuming an annual inflation rate of 4% and a 7.5% after-tax return on all their investments. They are also assuming a 25-year retirement period. What is the total retirement fund they will need to support their retirement income goal?
A) $1,481,359
B) $1,068,484
C) $1,176,121
D) $1,531,215