10) Calculate the total prior service cost using the following information. Write your answer on the cover sheet. FACTS The company has a defined benefit plan S 75,000 Seth's salary at the end of 2017 Retirement expected after Retirement period is expected to be Interest Rate 40 years of service 20years Benefits are calculated as a formula as the product of Service already provided Percentage years Final year's salary is projected to be Benefits Service aiady Provided X Perantaadx AFTER THE PLAN IS INITALLY ADOPTED A CHANGE IS MADE TO THE BENEFITS CALCULATION AS FOLLOWS: Percentage of service yrs. & salary 2.5% 201 Changed from 20% previously Change made at the beginning of