Terraria Constructions, Inc. offers a pension plan to its employees with a pension formula of 1.50%*Years of Service*Final Years Salary. Suzanne has been working for Terraria for 15 years. The corporate actuaries expect her to retire in 21 more years with a final salary of $425,000 and for her retirement period to last for 25 years. Her current salary is $175,000. The actuarys discount rate is 8%.

30. What is projected benefit obligation (PBO) for Suzannes pension?

a. $77,313.75.

b. $321,791.00

c. $187,761.96.

d. $463,146.16.