Amold Rossiter is a 40 -year-old employee of the Barrington Company who will retire at age 60 and expects to live to age 75 . The firm has promised a retirement income of 520,000 at the end of each vear following retirement unti death. The firm's pension fund is expected to eam 7 percent annually on its assets and the firm uses 7 wh to discount pension benefis. What is Barrington's annual pension contribution to the nearest dolloc for Mr. Rossiter? (Assume certainty and end-of-year cash flows.) 1. $5,491 b. $4,443 e. 54,967 1. 52,756 1. 53,642