24 Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.4% service years final year's salary, payable at the end of each year. Angela Dav Sachs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $86,000 at the end of 2021 and the company's actuary projects her salary to be $260.000 at retirement. The actuary's discount rate is 8% points At the beginning of 2022, changing economic conditions caused the actuary to reassess the applicable discount rate. It was decided that 9% is the appropriate rate. (FV of $1. PV of $1. EVA of 51. PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate foctor(s) from the tables provided.) eBook Required: Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of 2022 with respect to Davenport (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) The on PBO is TABLE4 Present Value of an ordinary Annuity of 51 104 1.5 204 3 4 4 4 4 4 4 4 70% 100% 1 1 2005 O 01 0 2 019 097561 09901 0.366130154 06 095236 097 09836914580.929391130909090909019235083333 1970 95 94156 155941 134632 133 1 OZ 76326 .75911173554 17125216900S 1.57773 2.0 291220 28335256022023612301647790941 272335 67967301 263022577025312924865244371 240113 210643 390197 3.433 3307733.76197 71710367308 3621035875334593350515346511 38721331313 339723.16987 3.10045303735 256873 4.8534) 4.70364 4.71346 4.0458) 4.5791 451505 4451124.389384394342021421238 4100303992713.88953.79079 0903.50473 29905 $ 5.795439719 5.601435081341919 3385534114 I 4911334766546 489 43353363305414 .32551 7 67219 4 199 634939 6230 611454 605 592071637 5.2007 50329540124 160459 s o 73 733545 1716 1957 671 645321 597130574015534825330033146124764 3.3716 93556028.3805151034 7970877.78511 7.607697435337387 7.10782695230650169 6.51523624695.99525 5.759025.53705 5.33825403097 109.01309218925975206 353020 31166111007912 77 11 736000 302358 6710036417666144579 565022419247 110.3676 10.07139.784455142125329.00155 76048 51803164120014 7 7403677138 6.80519 456.03 3.99778376 121125508 10907511057534 10.25776 9.95100966333938507911888.56325618313847949753608 710013 6.51309 649236610443 1511171153 11 1001101010 1094 111 35 70106644 41300370 1353311210625 111 110 1093052 10569121023233849532 5 4734471301 730009612 461057 1511111 111111111110 101 102 101 106000 76008719 4575 16 1471787 14:13136 13.87771 13.08500 11.44110 1101121165330 11.11401 10.01777 18.46116 16.101000446458330378.3138673337737816 6.739 472856 17 15 14 101614 1116126511216567199 1201 100 101 102 912161 416) 02155 74 74 116.5927 1738 1497203 335336 337533113.1938 12.00930 12.1999 1099 1134007 10700 10.05909971 3 .2014 16: 37 19 172001 16411 15.67346 34700370 137006413133812932 1208532 1160111512 1033560601600 3627 75656 1064353 163510 15 16 17 18 1350 1300724021190110 1 1 21 INS 17.04 17.01111 16 11 14 14 14 14 11. 11.1934 75 22.023162071961 19.52346 18.48438 17411151645151 15.62200 14338311400394 13:4139 30 258071 0 2 9964620.93029 1900 1905 1729203 1628891537245 2453375 *032.83469 23915 9735543 25.1077 23.107 2135507 19.9272184015 17.19909 16.04012 1.6 10.83553 10.160 .1934 S 5600 1278336 11.65358 10.677 33258 07704842174 71 194759 13.76483 12.40964 112377 10.21305 9.23001 300379 XOSSIS 49794 15.0463013.3317 11.93461 10.75736 3.7795 395105 3.20 0 6 TABLE 2 Present Value of $1 PV 51 (1+1% 104 1546 204 2 546 BOS 1546404 4.546 046 54 604 704 3046 05 10.046 1046 12045 20.046 1 0.99010 098522 0.98039 097561 0.97087 096615 096154 095694 095238 0.94787 094340 093458 092593 0.91743 090909090090 0.89286 0.83333 2 0.91030 097066 096117 095181 094160 093351 092456 091573 0.90703 089845 089000 0.87344 085734 0.84168 082645 0.31162 0.79719 069444 3 097059095632 094232 092860 091514 090194 0 58900 0.87630 086384 085161 0.83962 0.81630 0.79383 0.77218 075131 0.73119 0.71173 0.57870 090098 094218 0.92385 090595 0.88849 087144 085480 0.83856 0.82270 0.80722 0.79209 0.762.90 0.73503 0.70343 0.68301 0.65873 063552 0.48225 5 095147 0.92826 0.90573 088385 0.86361084197 0.87193 080945 0.78353 076513 0.74726 0.71299 068058 0.61993 062092 059345 656743040188 0.94305 0.91454 0.89797 0.562.30 0.39748 0.81350 0.79031 0.76790 0.74622 6.72525 0.7044 0.66634 0.69017 0.59827 0.5647 0.53464 0.56663 3540 70.93272 0.90103 0.87056 0.34127 0.81309 0.78599 075992 0.73433 0.71068 0.68144 0.50506 0.62275 0.58549 0.54103 051316 045166 0.45235 677905 092348 058771 0.353490.8.20750.72941 07594107309 0.70319 0.676840.65160 0.62741 0.58201054027 050187 0.46651 0.43393 0.40388 023357 091434 067459 083676 0.80073 076642 073373 0.70259 067290 064461 061763 0.59190 0.5439050025 0.46043 04041003992 0.36061 0.19381 10 090529 086167 082035 0.78120 0.74909 070892 0.67556 064393 061391 058543 03589 0.5083 046319 042241 0.38554 0.35213 0.32197 0.16151 11 0.93 0.14893 6.30076 0.76214 0.73341 065495 0.64958 0.61630 0.38468 0.55491 0.53679 0.47509 0.43888 0.38753 0.35049 0.31728 0.28748 0.13459 12 051745 083639 07519 0.74356 0.70138 006178 0.62460 0.58986 0.55684 032598 0.4900044401039711 0.35553 031863 028584 025668 011216 13 087866 082403 0.77303 0.72542 0.68095 0.69940 060057 0.56427 0.53032 0.49856 0.46884 041496 0.36770 032618 028966 0.25751 022917 009346 14 0.86996 081185 0.75758 0.70773 0.66112 061778 05778 0.59997 050507 0.47257 0.44230 0.38782 0.34046 0.19935 0.26333 0.23199 0.20462 007789 15 0.86135 0.1995 0.74301 069047 0.64186 0.59589 0.55536 0.51672 0.48102 0:44793 0.41727 036345 031524 0.27454 0.23999 0.20900 0.1670 000 16 0.85282 0.78803 6.72545 0.67362 0.63317 6.57871 0.533010047 45811 0.434586.3945 0.33873 63918 0.15187 0.17 0.182 4160121540 17 048 077619 071416 065720 0.60502 055720 051337 0.47388 041530 040945 0.37136 031857 077027 023107 0.19734 0.14 0.14564 18033602 76401 070016064117 058739 053836 09363045780 041552 038147 030 029 025035 021199 017986 0153301004 003756 19 0377 0.75361 0616062558 057029052016 04764 06330 39573 036158 033051 0.27651 02317 0.1949 016351 0.13768 0.1101003130 20 0.81954 0.1347 067297 061027 055368 0.50357 085639 041464 0.37689 0.34273 0.311800252 031455 017343 0.14864 0.12403010367 003008 210.81143 6.73150 0.65978 0.59539 0.5375$ 48557 043383 0.34679 0.35894 0.32456 0.28116 0.34151 0.1986 0.16370 0.13513 0.11 0.00256 0.00114 24 0.78757 09954 06311 055288 0.47193 0.43796 0.39012 0.11770 031007 027666 028690.19715 0.15 0.12640 0.10153005170 0.06588 0.01258 25 0 77977 06921 06095305199 0.47761 042315 0.37512 033273 0.29530 0.26223 0.23300018425 014002 0.11597 0.09230 0.07361 005882 0.01018 28 0.75664 065010 0.5707 0.50088 0.43708 0.38165 0.33348 0.2915) 0.25509 022332 0.19565 0.15040 0.11591 0.08955 0.00934 0.05382004187 0.00602 29 0.74934 001230050311 0.48866 043435 036875 0.2005 0.27903 0.24295 0.21168 0.15456 0.14056 010733 0.0025 006304 0.0489 00373 0.0006 30 0.74191 641076 0.55307 0.47674 0.4119 3 18 0.0333 0.18700023138 0.0064 0.17411 0.13037 0.00038 0.07537 0.05731 .04568 033 0.0001 31 07H58 63031 054135 046511 0 9 0.3433 019646 025550022036 019015 016425 012277 009302 0.00015 005210 003935 003900 0.00351 400 67165055126 045289 03728 0.30656 025357 0206290.1719 014205 011346 0.09722 000678 0.04603 003184 0.02309 00153800107 00006