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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 $96,000 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 $96,000 cash paid today; $96,000 to be paid 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 10 percent? (Furure Value of S1. Present Volue of S1. Future Value Annuify of S1. Present Volue Annulsy of S1) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollor

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