1 & 2 please

Question 1 (1 point) A company's defined benefit pension plan utilizes a funding formula that considers years of service and average compensation to determine the pension benefit payable to the plan participants. If Kim is a participant in this defined benefit pension plan, she has 30 years of service with the company, and she always had annual compensation of $75,000, what is the maximum pension benefit that can be payable to Kim at her retirement in 2022? $20,500 $245,000 O $61,000 O $75,000 Question 2 (4 points) Andy is currently age 65 and about tostire. He has accumulated $1,589,600 in his 401(k) and would like to know what amount he could withdraw at the beginning of the first year of retirement if the purchasing power of the withdrawals will be maintained during retirement. Andy expects to continue to earn 6% on his investments, assumes inflation will be 3%, and expects to live to age 85. Which of the following is the amount of the first year distribution