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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 $109,000 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 $109,000 cash paid today: $109,000 to be paid in one year, and an annuity of $24,000 to be paid each year for 8 years. Required: What is the present value of the packagy assuming an interest rate of 9 percent? (Future Value of \$1. Present Value of \$1. Euture Value Annuty of Si. Present Value Annuity of S1) Note: Use oppropriote foctor(s) from the tobles provided. Round the final answer to nearest whole dollor

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