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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 $92,000 cash paid today;

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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 $92,000 cash paid today; $92,000 to be paid in one year and an annuity of $40,000 to be paid each year for 5 years 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 S1) (Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar)

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