Cullumber, Inc's defined benefit pension plan covers 500 employees. In its negotiations with the employees, Cullumber, Inc. amends its pension plan on January 1, 2026, and grants $775,320 of prior service costs to its employees. Employees were grouped according to expected years of retirement and the resulting amount of total service years was 1,560. (a) Compute the annual cost per service year. (Round answer to 2 decimal places, e.g. 52.75) Annual cost (b) Save for Later $ cost per service year Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above