As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package of $110,000 cash, another $110,000 to be paid in one year, and an annuity of $31,000 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 6 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 $110,000 face value Present value of $31,000 annuity Total Table values based on % %