5. Pension data for Millington Enterprises include the following: (S in millions) Discount rate, 10% Projected benefit obligation, January 1 S 440 Service Cost 131 Accumulated benefit obligation, January 1 380 Accumulated benefit obligation. December 31 495 Cash contributions to pension fund, December 31 230 Benefit payments to retirees, December 31 70 Required: Based on your analyses in Problem #3 above, determine the projected benefit obligation on December 31, assuming no change in actuarial assumptions and estimates. (6 Points)