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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 $103,000 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 $103,000 cash paid today: $103,000 to be paid in one year, and an annuity of $35,000 to be paid each year for 6 years. What is the present value of the package assuming an interest rate of 10 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.) Present Value

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