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As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $96,000 cash paid today,

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As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $96,000 cash paid today, $96,000 to be paid in one year, and an annuity of $24,000 to be paid each year for 4 years. What is the present value of the package assuming an interest rate of 9 percent? (Euture Value of $1. Present Value of $1. Future Value Annulty of S1. Present Value Annuity of $1) (Use appropriate foctor(s) from the tables provided. Round the final answer to nearest whole dollar.) Present Value $ 26,001

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