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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 $25,000 to be paid each year for 5 years. Required: What is the present value of the package assuming an interest rate of 9 percent? (Future Value of S1. Present Value of $1. Euture Value Annuty of S1. Present Value Annuity of 51 .) Note: Use appropriate foctor(s) from the tables provided. Round the final answer to nearest whole dollar

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