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Pension data for Fahy Transportation Inc. include the following: ($ in millions)
Discount rate, 7%
Expected return on plan assets, 10%
Actual return on plan assets, 11%
Projected benefit obligation, January 1 $730
Plan assets (fair value), January 1 $700
Plan assets (fair value), December 31 750
Benefit payments to retirees, December 31 66
Problem 1: Assuming cash contributions were made at the end of the year, what was the amount of those contributions?
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