Mead Industries has a defined benefit pension plan that specifies annual, year-end retirement benefits equal to: 1.6% x Service years x Final year's salary Bryce Green was hired by Mead at the beginning of 2000. Green is expected to retire at the end of 2035 after 35 years of service. His retirement is expected to span 10 years. At the end of 2021, 22 years after being hired, his salary is $98,000. The company's actuary projects Green's salary to be $315,000 at retirement. The actuary's discount rate is 6%. Required: 1. Estimate the amount of Bryce Green's annual retirement payments for the 10 retirement years earned as of the end of 2021. 2. Suppose Mead's pension plan permits a lump-sum payment at retirement in lieu of annuity payments. Determine the lump-sum equivalent at the present value as of the retirement date of annuity payments during the retirement period. 3. What is the company's projected benefit obligation at the end of 2021 with respect to Bryce Green? 4. Even though pension accounting centers on the PBO calculation, the ABO still must be disclosed in the pension disclosure note. What is the company's accumulated benefit obligation at the end of 2021 with respect to Bryce Green? 5. If we assume no estimates change in the meantime, what is the company's projected benefit obligation at the end of 2022 with respect to Bryce Green