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Sachs Brandsts difincd benefit pension plan specifes annual retirement benefits equal to 1.6% * service years firul years salary. payable at the end of each.yeari

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Sachs Brandsts difincd benefit pension plan specifes annual retirement benefits equal to 1.6% * service years firul years salary. payable at the end of each.yeari Angela Davenport was hired by Sochs at the beginning of 2010 and is expected to retire af the end of 2044 after 35 years' service. Her letirement is expected to span 18 years. Davenport's salary is $99.000 at the end of 2024 and the companys actuary projects her salary to be $325,000 at retirement. The actuarys discount tate is 9%. Note: Use tables, Excel, or a finencial calculator. (EV of 51, PV of S1, EVA of S1. PVA of S1. EVAD of S1 and PVAD ofSUl Required; 1. What is the company's projected benefit obligation at the beginning of 2024 (after 14 years' setvice) with respect fo Davenport? Noter Do not round intermediate colculatiens. Round your final onswer 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 comporyy's service cost for 2024 with respect to Davenport? Note: Do not round intermediate caleulations, Round your final answer to the nearest whole dollar. 4. What is the company's interest cost for 2024 with respect to Daveriport? Note: Do not round intermediote calculatiens, Reund your final answer to the nearest whole doller. 5. Combine your answers to requirevments 1, 3, ond 4 to determine the company's projected benefit obligation at the end of 2024 (aftes 15 years servicel with respoct to Davernport. Wote: Do not round intermediate calculatiens, Reund your final answer to the nearest whele dollar

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