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Harms Inc. reported in its 2006 annual report the following information: Plan Status: December 31, 2006 Accumulated Benefit Obligation (ABO) $ 90 Million Projected Benefit

Harms Inc. reported in its 2006 annual report the following information: Plan Status: December 31, 2006 Accumulated Benefit Obligation (ABO) $ 90 Million Projected Benefit Obligation (PBO) $ 95 Million Plan Assets (at fair value) $ 80 Million Unrecognized transition asset $ 11 Million Unrecognized actuarial losses $ 1 Million Assumptions: discount rate 8% return on assets 9% compensation growth 5% The estimated interest cost for 2007 is: Question 9 options: 7.20M. 7.36M. 7.60M. 7.95M.

image text in transcribed Harms Inc. reported in its 2006 annual report the following information: Plan Status: December 31, 2006 Assumptions: discount rate 8% return on assets 9% compensation growth 5% The estimated interest cost for 2007 is: 7.20M. 7.36M. 7.60M. 7.95M

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