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accounting and finance Question #3 (10 Marks) You are the HR manager of Dunder Mifflin Inc. and have the unfortunate task of terminating Dwight Schrute,
accounting and finance Question \#3 (10 Marks) You are the HR manager of Dunder Mifflin Inc. and have the unfortunate task of terminating Dwight Schrute, one of your long-time employees. The termination of employment is today. You have offered Mr. Schrute a choice of three generous severance packages. The details of the severance packages are as follows: Package \#1: A payment of $60,000 one year from today; a payment of $80,000 after three years; and a final payment of $95,000 at the end of the sixth year. Package \#2: Payments of $25,000 at the end of each and every year for the next eight years and also a single lump sum payment of $70,000 at the end of the tenth year. Package \#3: A single payment of $170,000 today and a hand shake. The prevailing market rate of interest is 9%. Required: Note: (a) If applicable, marks are awarded for calculating answers efficiently. (b) Round all calculated amounts to the nearest 2 decimal places. 1.) Which severance package should Dwight choose if he wants to choose the best one for him? Justify your
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