Titan Corporation provides a retirement plan for itd employees. One of its employees has vested benefits under the plan which will pay her $30,000 annually for life starting with the first $30,000 payment on the day she retires at the age of 65. The employee has just turned 45 years old. Titan consulted standard mortality tables to come up with a life expectancy of 80 for this employee. (Assume the last payment is on the employee's 79Th dirthday.) The interest rate under the plan is 9%. Draw a timeline from age 45 to age 80 showing the anticipated payment schedule. What will br the present value of the pension obligation at the time of the employee's retirement (age 65)? What is the present value of the pension obligation at the current time(age 45)?