Helen Moo, age 40, begins employment with Farm Corporation on January 1, 2023, at a starting salary of $50000. It is expected that Helen will work for the company for 25 years, retiring on December 31, 2047, when Helen is 65 years old. It is expected that her salary at retirement will be $147500. Further assume that mortality tables indicate the life expectancy of someone age 65 in 2047 is 12 years. Farm Corporation sponsors a defined benefit pension plan with the following formula: Annual pension benefit on retirement = 3% of salary at retirement for each year of service, or 3% final salary x years of service. Assume a discount rate of 6%. Determine the defined benefit obligation for Helen Moo at December 31, 2024. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. O $19424.77 $8850.00 $18309.31 $74188.59