(11 points) Dark Magic Defense Company's defined benefit pension plan specifies annual retirement benefits equal to: 2% x service years x final year's salary. Harry Potter was hired by Dark Magic Defense at the beginning of 2010 and is expected to retire at the end of 2044 after 35 years of honorable, world-saving service. His retirement is expected to span 18 years. Harry's salary is $120,000 at the end of 2020, and the company's actuary projects his salary to be $350,000 at retirement. The actuary's discount rate is 5%. Required: 1. What is the company's projected benefit obligation (PBO) at the beginning of 2021 with respect to Harry? 2. Using the present value approach from class, what is the company's service cost for 2021 with respect to Harry? 3. What is the company's interest cost for 2021 with respect to Harry? 4. Determine the company's PBO at the end of 2021, with respect to Harry, assuming zejo for all other PBO components. (11 points) Dark Magic Defense Company's defined benefit pension plan specifies annual retirement benefits equal to: 2% x service years x final year's salary. Harry Potter was hired by Dark Magic Defense at the beginning of 2010 and is expected to retire at the end of 2044 after 35 years of honorable, world-saving service. His retirement is expected to span 18 years. Harry's salary is $120,000 at the end of 2020, and the company's actuary projects his salary to be $350,000 at retirement. The actuary's discount rate is 5%. Required: 1. What is the company's projected benefit obligation (PBO) at the beginning of 2021 with respect to Harry? 2. Using the present value approach from class, what is the company's service cost for 2021 with respect to Harry? 3. What is the company's interest cost for 2021 with respect to Harry? 4. Determine the company's PBO at the end of 2021, with respect to Harry, assuming zejo for all other PBO components