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Sachs Brands's defirted benefit pension plan specifies annual retirement benefis equal to 12%. service years * final year's salary. payable at the end of each

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Sachs Brands's defirted benefit pension plan specifies annual retirement benefis equal to 12%. service years * final year's salary. payable at the end of each year. Angela. Davenport was hired by Sachs at the beqinning 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 $90,000 at the end of 2024 and the company's actuary projects her salary to be $280,000 at retirement. The actuary's discount rate is 8% Note: Use tables, Excel, or a financiol colculator. (PV or S1, PV of S1. BVA of S1. PVA of S1, EVAD of S1 and PVAD of S1) Required: 1. What is the company's projected benefit obligation at the beginning of 2024 fafter 14 years' service) with respect to Daveriport? Note: Do not round intermediate calculotions, Round your final answer to the nearest whole dollar. 2. Estimate by the projected benefits approach the portion of Davenport's annual 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 calculations. Round your final answer to the nearest whole doller. 4. What is the company/s interest cost for 2024 with respect to Davenport? Notes Do not round intermediate calculotions. Round your final answer to the neorest whole dollor. 5. Combine your answets to requirements 1, 3, and 4 to determine the company's ptojected benefit obligation at the end of 2024 . (after 15 years' service) with respect to Davenport. Note; Do not round intermediote colculations. Round your final answer to the nearest whole dollor

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