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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.6% service years x final year's salary. payable at the end of each

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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.6% service years x 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 saiary is $94,000 at the end of 2024 and the company's actuary projects her salafy to be $300,000 at retirement. The actuary's discount rate is 8%. Note: Use tables, Excel, or a financial calculator. (FV of S1. PV of S1. FVA of S1. PVA of S1, FVAD of \$1 and PVAD of S1) Required: 1. What is the company's projected benefit obligation at the beginining of 2024 (after 14 years' service) with respect to Davenport? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. 2. Estimate by the projected benefis approach the portion of Davenport's annubi retirement payments attributable to 2024 service, 3. What is the company's service cost for 2024 with respect to Davenport? Note: Do not round intermediate colculations. Round your final answer to the nearest whole dollor. 4. What is the company's interest cost for 2024 with respect to Davenport? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollor. 5. Combine your answers to requirements 1, 3. and 4 to deremine the company's projected benefit obligation at the end of 2024 (after 15 years' service) with respect to Davenport. Note: Do not round intermediate colculations. Round your final answer to the nearest whole dollar

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