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 $21,000 to be paid each year for 7 years. What is the present value of the package assuming an interest rate of 9 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 the final answer to nearest whole dollar.) Learning Objective: 11-S1 Use present value and future value tables to incorporate the time value of money