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uestion#5 - 1 point On January 1, year 1, Stanley Corporation's projected benefit obligation was $25 million. During year 1 pension benefits paid by the trustee were $5 million. Service cost for year 1 is $10 million. Pension plan assets (at fair value) increased during year 1 by $4.8 million as expected. At the end of year 1, there was no prior service cost and a negligible balance in net loss-AOCI. The actuary's discount rate was 8%. Required: Determine the amount of the projected benefit obligation at December 31, year 1