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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 $95,000 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 $95,000 cash paid today; $95,000 to be paid in one year, and an annulty of $24,000 to be paid each year for 7 years. Required: What is the present value of the package assuming an interest rate of 11 percent? (Euture Value or \$1, Present Value of \$1. Euture 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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