As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package of $180,000 cash, another $180,000 to be paid in one year, and an annulty of $38,000 to be paid each year for 10 years. Use present value tables to 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) (Use appropriate factor(s) from the tables provided. Round "Present Value" to nearest whole dollar amount.) Cash Payment Present value of $180,000 face value Present value of $38,000 annuity Total Table values based on % % no R