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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;

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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 $30,000 to be paid each year for 8 years. Required: What is the present value of the package assurning an interest rate of 9 percent? (Future Value of \$1. Present Value of S1. Future Value Annuity of S1. Present Value Annuity of \$1). Note: Use oppropriate foctor(s) from the tables provided. Round the final onswer to neorest whole dollar

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