Beale Management has an unfunded retiree health care plan. At the end of 2022, the actuary estimates the total net cost of providing health care benefits to employees during their retirement years to have a present value of $80,000. The employees have already worked for 2 years. They will become fully eligible for benefits after 18 more years of service but arent expected to retire for 5 more years after eligibility. The interest rate is 5%. What is the companys accumulated postretirement benefit obligation at the end of 2022?

	a.	$5,000
	b.	$80,000
	c.	$60,000
	d.	$16,000