Help Save & Exit Oregon Co's employees are eligible for retirement with benefits at the end of the year in which both age 60 is attained and they have completed 35 years of service. The benefits provide 15 years' reimbursement for health care services of $38,000 annually, beginning one year from the date of retirement. Ralph Young was hired at the beginning of 2003 by Oregon after turning age 22 and is expected to retire at the end of 2041 (age 60). The discount rate is 3%. The plan is unfunded. The PV of an ordinary annuity of $1 where n= 15 and 1= 3% is 11.93794 The PV of $1 where n2 and 1= 3% is 0.94260 What is the present value of Ralph's net benefits as of his expected retirement date, rounded to the nearest dollar? Multiple Choice o $340,035. o None of these are correct. o $453,642. o $570,000