As a result of a slowdown in operations, ABC Stores is offering to employees who have been terminated a severance package of $100,000 cash now, another $100,000 to be paid in one year, and an annuity of $30,000 to be paid each year for 20 years with the first payment made in one year. Compute the present value of the complete package, assuming an interest rate of 8 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1 ). (Round your final answer to the nearest whole dollar amount.)