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 $32,000 to be paid each year for 7 years. Required: 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 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. Present Value