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A defined benefit pension plan has expected payouts of $5 million per year over the next 30 years. The fund can be expected to earn

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A defined benefit pension plan has expected payouts of $5 million per year over the next 30 years. The fund can be expected to earn an average of 6% on its assets. It currently has reserves of $65 million. The fund is underfunded by about $ million. (Round your final answer to 2 decimal places.)

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