8.) Using the information below calculate the present value of the retirement benefits (projected benefits obligation) as of the current date (end of 2017). Write the answer in on the cover sheet. $ FACTS: The company has a defined benefit plan Cindy's salary at the end of 2017 Retirement expected after Retirement period is expected to be Interest Rate 134,000 41 20 2.0% years of service years Benefits are calculated as a formula as the product of Service already provided Percentage Final year's salary is projected to be 11 years 2.0% 303,000 $ 8.) Using the information below calculate the present value of the retirement benefits (projected benefits obligation) as of the current date (end of 2017). Write the answer in on the cover sheet. $ FACTS: The company has a defined benefit plan Cindy's salary at the end of 2017 Retirement expected after Retirement period is expected to be Interest Rate 134,000 41 20 2.0% years of service years Benefits are calculated as a formula as the product of Service already provided Percentage Final year's salary is projected to be 11 years 2.0% 303,000 $