Oregon Company's employees are eligible for retirement with benefits at the end of the year in which both age $60$ is attained and they have completed $35$ years of service. The benefits provide $15$ years' reimbursement for health care services of $$37,000$ annually, beginning one year from the date of retirement.

Ralph Young was hired at the beginning of $1988$ by Oregon after turning age $22$ and is expected to retire at the end of $2026($age $60).$

The discount rate is $4\%.$ The plan is unfunded.

The PV of an ordinary annuity of $$1$ where $n=15$ and $i=4\%$ is $1111839.$

The PV of $$1$ where $n=2$ and $l=4\%$ is $0\mathrm{.}92456.$

With respect to Ralph, what is the interest cost to be included in Oregon's $2025$ postretirement benefit expense, rounded to the nearest dollar?

Multiple Choice

$$ $$14,434$

$$14,509$

$$15,398$

None of these answer choices are correct

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