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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 $ 1 0 9

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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
$109,000 cash paid today; $109,000 to be paid in one year; and an annuity of $28,000 to be paid each year for 9 years.
Required:
What is the present value of the package assuming an interest rate of 11 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.
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