Sachs Brands's defined benefit pension plan specifies annual tedirement benefits equal to 1.3% service years final year's salaty. payable at the end of each yeat. Angela Davenpoit was hired by Sachs at the beginning of 2010 and is expected to retire at the end of 2044 alfer 35 years' service. Het retirement is expected to span 18 years. Davenport's salary is $91,000 at ithe end of 2024 and the company's actuary projects her solary to be $285,000 at rellirement. The actuary's discount rate is 9%. Note: Use tobles, Excel, or a financial calculatot. (FV of \$1. PV ol S1. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) Required: 1. What is the compary's projected benefit oblgation at the beginning of 2024 (aflet 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 propected benefils approach the potion of Daveriport's annual retirement paryments altributable to 2024 service. 3. What is the compary's service cost for 2024 with respect to Davenport? Note: Do not round intermediate colculations. Round your finol answer to the nearest whole dollor. 4. What is the company's interest cost fot 2024 with respect to Davenport? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollat. 5. Combine yout answers to requirements 1,3 , and 4 to determine the company's projected benefit oblgalion at the end of 2024 (alfer 15 years' servicet with respect to Davenpott. Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar. Sachs Brands's defined benefit pension plan specifies annual tedirement benefits equal to 1.3% service years final year's salaty. payable at the end of each yeat. Angela Davenpoit was hired by Sachs at the beginning of 2010 and is expected to retire at the end of 2044 alfer 35 years' service. Het retirement is expected to span 18 years. Davenport's salary is $91,000 at ithe end of 2024 and the company's actuary projects her solary to be $285,000 at rellirement. The actuary's discount rate is 9%. Note: Use tobles, Excel, or a financial calculatot. (FV of \$1. PV ol S1. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) Required: 1. What is the compary's projected benefit oblgation at the beginning of 2024 (aflet 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 propected benefils approach the potion of Daveriport's annual retirement paryments altributable to 2024 service. 3. What is the compary's service cost for 2024 with respect to Davenport? Note: Do not round intermediate colculations. Round your finol answer to the nearest whole dollor. 4. What is the company's interest cost fot 2024 with respect to Davenport? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollat. 5. Combine yout answers to requirements 1,3 , and 4 to determine the company's projected benefit oblgalion at the end of 2024 (alfer 15 years' servicet with respect to Davenpott. Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar
