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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.4% service years final year's salary. payable at the end of each year.

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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.4% service years final year's salary. payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $92,000 at the end of 2021 and the company's actuary projects her salary to be $290,000 at retirement. The actuary's discount rate is 6\%. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1. PVAD of \$1 and PVAD of Si) (Use appropriate factor( ( ) from the tables provided.) Required: 2. Estimate by the projected benefits opproach the omount of Davenport's annual retirement payments eamed as of the end of 2021 3. What is the company's projected benefit obligation at the end of 2021 with respect to Dovenport? (Do not round intermediate colculations. Round your final answer to the neorest whole doller.) 4. If no estimates are changed in the meantime, whot will be the company's projected benefit obligation at the end of 2024 (three years laten) with respect to Dovenport? (Do not round intermediate colculations. Round your final onswer to the nearest whole doller.) Answer is complete but not entirely correct

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