2. ABC Corporation manufactures electronic devices. The following table shows the number of consumer injury claims filed against ABC in the past five years. 2015 5 Loss Year 2016 2017 2018 8 10 18 2 6 8 3 7 5 2015 2016 2017 2018 2019 Experience Year 2019 27 16 10 8 8 a). Given the above data, estimate the number of claims in year 2020 2021 and 2022 associated with products sold in year 2019. Round all calculations to two decimal points Step 1: Calculate the loss development factors and put your answers in the table below. (2 pts.) Development Period Year 1-2 Year 2-3 Year 3-4 Year 15 2015 2016 2017 2018 Mean Factor Step 2: Complete the unshaded area below. Show your calculations, in full, for each step. (ie show the full computation for each year) (15 pts.) 2020 2021 2022 2015 2016 S 8 2 Experience Year 2015 2016 2017 2018 2019 Loss Year 2017 2018 2019 10 18 27 6 8 16 3 7 10 5 8 8 b). Based on historical data, assume you have estimated the average dollar amount of loss per claim for the next couple of years (see the table below). How much money should you budget today (year 2020) for future claims associated with products sold in 2019? Assume interst rate is 6. for the next five years. Round all calculations to two decimal points. (1.5 pts) Year 2020 2021 2022 1. rate 6 00 6.009 6.00 Sper claim $11.900 S12 500 $12.900