As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $99,000 cash paid today; $99,000 to be paid in one year; and an annuity of $23,000 to be paid each year for 9 years. Required: 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.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar. Answer is complete but not entirely correct. Present Value $ 309,416