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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 $101,000 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 $101,000 cash paid today: $101,000 to be paid in one year; and an annuity of $23,000 to be paid each year for 4 years. Required: What is the present value of the package assuming an interest rate of 8 percent? (Euture Value of $1. Present Value of $1. Euture Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use oppropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar

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