As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $102,000 cash paid today; $102,000 to be paid in one year; and an annuity of $37,000 to be paid each year for 6 years. Required: What is the present value of the package assuming an interest rate of 11 percent? (Huture Value of \$1, Present Value of S1, Euture Value Annuity of \$1 Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar. (8) Answer is complete but not entirely correct