As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $92,000 cash paid today: $92,000 to be paid in one year; and an annulty of $21,000 to be paid each year for 7 years. Required: What is the present value of the package assuming an interest rate of 11 percent? (Future Value of \$1. Present Value of \$1. Euture Value Annulty of \$1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar