(B) Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6% service PBO calculations; years X final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the present value beginning of 1995 and is expected to retire at the end of 2029 after 35 years' service. Her retirement is expected concepts to span 18 years. Davenport's salary is $90,000 at the end of 2009 and the company's actuary projects her salary to be $240,000 at retirement. The actuary's discount rate is 7%. Required: 1. Draw a time line that depicts Davenport's expected service period, retirement period, and a 2009 measurement date for the pension obligation. 2. Estimate by the projected benefits approach the nmount of Davenpott's annual retirment payments earned as of the end of 2009 . 3. What is the company's projected benefit obligation at the end of 2009 with respect to Davenport? 4. If no estimates are changed in the meantime, what will be the company's projected benefit obligation at the end of 2012 (three years later) with respect to Davenport? (B) Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6% service PBO calculations; years X final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the present value beginning of 1995 and is expected to retire at the end of 2029 after 35 years' service. Her retirement is expected concepts to span 18 years. Davenport's salary is $90,000 at the end of 2009 and the company's actuary projects her salary to be $240,000 at retirement. The actuary's discount rate is 7%. Required: 1. Draw a time line that depicts Davenport's expected service period, retirement period, and a 2009 measurement date for the pension obligation. 2. Estimate by the projected benefits approach the nmount of Davenpott's annual retirment payments earned as of the end of 2009 . 3. What is the company's projected benefit obligation at the end of 2009 with respect to Davenport? 4. If no estimates are changed in the meantime, what will be the company's projected benefit obligation at the end of 2012 (three years later) with respect to Davenport