2. value: 2.00 points Exercise 17-2 Determine the projected benefit obligation [LO17-3] On January 1, 2016, Burleson Corporation's projected benefit obligation was $50 million. During 2016 pension benefits paid by the trustee were $5 million. Service cost for 2016 is $16 million. Pension plan assets (at fair value) increased during 2016 by $7 million as expected. At the end of 2016, there was no prior service cost and a negligible balance in net loss-A0ci. The actuary's discount rate was 9% Required: Determine the amount of the projected benefit obligation at December 31, 2016. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50). Amounts to be deducted should be indicated with a minus sign.) Projected Benefit Obligation Beginning of 2016 End of 2016 0.00