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I tried using all the examples on chegg and none of them were correct. I am at a complete loss with this one. Please explain! Thank you in advance!

Problem 172 (Algo) PBO calculations; present value concepts [LO17-3] Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.2%. service years final year's salary. payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2007 and is expected to retire at the end of 2041 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary 15$95,000 at the end of 2021 and the company's actuary projects her salary to be $305,000 at retirement. The actuary's discount rate is 9%. (FV of \$1. PV of \$1. EVA of \$1. PVA of S1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor(5) from the tables provided.) Required: 2. Estimate by the projected benefits approach the amount of Davenport's annual retirement payments earned as of the end of 2021. 3. What is the company's projected benefit obligation at the end of 2021 with respect to Davenport? (Do not round intermediate calculations, Round your final answer to the nearest whole dollar.) 4. If no estimates are changed in the meantime, what will be the company's projected benefit obligation at the end of 2024 (three. years later) With respect to Davenport? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) IABLE 1 Future Value of $1 FV=51(1+) PV=(1+i)n51 FVA=1(1+i)21 TABitE 4 Present Value of an Drdinary Annuity of $1 PVA=P1(1+2)21 TAmLE 5 Future Value of an Annuity Due of $1 FVAD=[i(1+i)21](1+i) E 6 Present Value of an Annuity Dise of $1 PVAD=[i1(t+i)21](1+i)

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