As a result of a slowdown in operations, Tradewind Stores is

offering employees who have been terminated a severance package of

$$102,000$ cash paid today; $$102,000$ to be paid in one year; and an

annuity of $$27,000$ to be paid each year for $7$

years.$$

What is the present value of the package assuming an interest rate

of $10$ percent?$($Future Value of $$1,$Present Value of

$$1,$Future Value Annuity of $$1,$Present Value

Annuity$$of $$1.)($Use appropriate factor$($s$)$ from

the tables provided. Round the final answer to nearest whole

dollar.$)$