As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $93,000 cash paid today, $93,000 to be paid in one year, and an annulty of $23,000 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 $1, Present Value of $1, Future 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