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9 09 points As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of

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9 09 points As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $100,000 cash paid today, $100,000 to be paid in one year, and an annulty of $29,000 to be paid each year for 5 years. Required: What is the present value of the package assuming an interest rate of 12 percent? (Euture Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value. Annuity of $1) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar. ook Check

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