please answer :

PBO Calculations: Present Value Concepts

• Sachs Brands defined benefit pension plan specifies annual retirement benefits equal to 1.5% x service years x final years salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2002 and is expected to retire at the end of 2041 after 40 years of service. Her retirement is expected to span 15 years. Her salary is $75,000 at the end of 2021 and the company actuary projects her salary to be $175,000 at retirement. The actuarys discount rate is 6%.

Required:

1. What will be the companys projected benefit obligation at the end of 2021? (12/31/21)
2. If no changes in the estimates, What will be the companys projected benefit obligation at the end of 2026? (12/31/26)