As a result of a slowdown in operations. Tradewind Stores is offering employees who have been terminated a severance package of $98,000 cash paid today: $98,000 to be pald in one year, and an annuity of $35,000 to be paid each year for 6 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. Future Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use oppropriate factor(s) from the tables provided. Round the final answer to neorest whole dollar. ABLE 11.1A Future Value of $1 TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of \$1 TABLE 11.4A Present Value of Annuity of \$1