Linda worked for Valley Alley Inc. for the last 25 years and is now ready to retire this year at the end of December. The company’s pension plan is a Defined Benefit Pension Plan (DBPP). What will be her annual pension if she earns a pension based on a rate of 2% that is calculated using her average best five consecutive years of income? She has provided her salary for the last eight years. 

2016:$93,000, 

2017: $98,200, 

2018: $103,800, 

2019: $105,900,

2020: 106,150, 

2021: $108,125, 

2022: $106,225, 

2023: $103,000