Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to $1\mathrm{.}4\%$ 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 $$86,000$ at the end of $2024$ and the company's actuary projects her salary to be

$$260,000$ at retirement. The actuary's discount rate is $8\%.$

At the beginning of $2025,$ changing economic conditions caused the actuary to reassess the applicable discount

rate. It was decided that $9\%$ is the appropriate rate.

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:

Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of $2025$ with

respect to Davenport.

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