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average promised future rotiremert benefit is $440,000 per employee. If the state has a dscount rate of 6.5% on all its tunds, how much inoncy

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average promised future rotiremert benefit is $440,000 per employee. If the state has a dscount rate of 6.5% on all its tunds, how much inoncy wil the state inane in pay iat the omployees belore it can start a now pansion plan? How much money will the state have to pay to the employees betoce it can start a new ponsion plan? (Round to the nearest dallar.)

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