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 $25,000 to be paid each year for 8 years. Required: What is the present value of the package assuming an interest rate of 11 percent? (Euture Value of S1. Present Value of \$1, Euture Value Annuity of S1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar