Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to $1\mathrm{.}3\%$ service

years $$ final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the

beginning of $2010$ and is expected to retire at the end of $2044$ after $35$ years' service. Her retirement is

expected to span $18$ years. Davenport's salary is $$81,000$ at the end of $2024$ and the company's actuary

projects her salary to be $$235,000$ at retirement. The actuary's discount rate is $7\%.$

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and

PVAD of $$1)$

Required:

Estimate by the accumulated benefits approach the amount of Davenport's annual retirement

payments earned as of the end of $2024.$

What is the company's accumulated benefit obligation at the end of $2024$ with respect to Davenport?

Note: Do not round intermediate calculations. Round your final answer to the nearest whole

dollar.

If no estimates are changed in the meantime, what will be the accumulated benefit obligation at the

end of $2027($three years later$),$ when Davenport's salary is $$95,000?$

Note: Do not round intermediate calculations. Round your final answer to the nearest whole

dollar.

Answer is complete but not entirely correct.