Smith Company sponsors a defined benefit pension plan. The beginning balance of plan assets is $5 million; the beginning balance of the PBO is $5.5 million; the expected rate of return is 8%, the discount rate is 6%, and the salary trend rate is 4%. The interest cost is equal to O $330,000. O $300,000. O $440,000. O $400,000. Need help? Review there 43

Smith Compary sponsors a defirved benefit pension plan. The beginning balance of plan assets is $5 milion, the beginning balance of the PBO is $55 milion; the expected rate of return is 8%, the discount rote is 65 and the salary trend rale is 4<. the interest cost is equal to>